WEST SACRAMENTO, Calif. (April 15, 2019) – California State Teachers’ Retirement System announced that trustee Sharon Hendricks was elected to the PRI Association Board. As an independent organization, PRI encourages investors to use responsible investment to enhance returns and better manage risks.
Directed Brokerage Program Team: June Kim, Director of Global Equity; David Murphy, Portfolio Manager; Orintheo Swanigan, Investment Officer; Curtis Takechi, Investment Officer; and Tiffany Lau, Investment Officer
The following report presents the fiscal status of the CalSTRS Directed Brokerage Program for the calendar year ending December 31, 2015. Included in the annual report is the background on the program, a glossary of terms and an educational piece on the world of directed brokerage and soft dollars.
The CalSTRS Directed Brokerage Program, which started in the 1980s, was designed to take advantage of the credits being created from CalSTRS’ investment transactions both by internal staff and external managers. These credits were used to help offset the cost of running the overall investment program, thereby reducing the burden on the Appropriated Support budget and the Continuously Appropriated budget.
