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California State Teachers Retirement System

April 14, 2000 | Reuters
The chief investment officer of the nation's third-largest public pension fund, the California State Teachers' Retirement System, has tendered his resignation, effective July 15. The pension fund said late Thursday that Patrick Mitchell will leave to pursue other opportunities. Under Mitchell's direction, the investment portfolio grew from $74.8 billion in June 1997 to $113.6 billion by March 31 of this year, the pension fund said in a statement. The fund posted an 18.
December 13, 2005 | From Bloomberg News
The California Public Employees' Retirement System, the biggest U.S. pension fund, said Monday it topped $200 billion for the first time, helped by gains in foreign stocks, buyout funds and real estate investments. CalPERS has added $44 billion since 2001, when it suffered its worst performance in nearly two decades amid slumping U.S. stocks. The fund has posted 10% or more in each of the last two years as stocks rebounded and the pension had gains in real estate and private equity.
June 4, 2004 | From Bloomberg News
A U.S. government proposal to let investors opt for faster trades rather than wait for the best price would set a standard that protects shareholders, the California State Teachers' Retirement System said Thursday. The Securities and Exchange Commission is considering relaxing the so-called trade-through requirement that exchanges find the best price for investors.
October 10, 1992 | KEVIN JOHNSON
Owners of the failing Anaheim Plaza have given their endorsement to plans that would transform the county's oldest mall into a discount shopping center. The California State Teachers Retirement System, or CALSTRS, announced its support for the redevelopment project Thursday in a written statement that also indicated that commitments from major tenants have yet to be obtained.
April 6, 2000 | From a Times Staff Writer
In preparation for possible unloading of its tobacco holdings, the investment committee of the $110-billion state teachers' pension fund directed its chief investment officer Wednesday to draft a divestment policy. The move comes amid growing pressure by teachers' groups and state Treasurer Phil Angelides on the California State Teachers Retirement System to divest $319 million in tobacco stocks.
December 5, 2003 | From Bloomberg News
The California State Teachers' Retirement System, the nation's third-largest pension fund, said Thursday that it had ended its relationship with Putnam Investments, the latest in a series of investors to fire the company. CalSTRS has been pulling its $312 million out of the Boston-based mutual fund company for the last few weeks, CalSTRS spokeswoman Sherry Reser said.
The California State Teachers Retirement System said Friday that it has selected an Irvine firm to manage a $2.5-billion portfolio that is one of the system's riskier investments. CalSTRS said it will negotiate a final contract with Pathway Capital Management L.P. for services over the next three years, with options for two one-year extensions.
A key task force advising the California State Teachers Retirement System on Monday recommended that the pension fund bypass established managed-care plans in favor of direct contracts with doctors and hospitals when providing health care for its 500,000 active and retired members.
July 28, 2006 | From a Times Staff Writer
CalSTRS beat CalPERS in the fiscal year ended June 30. The California State Teachers' Retirement System said Thursday that its investment portfolio gained 13.2% in the fiscal year. That topped the 12.3% return that the California Public Employees' Retirement System reported for its portfolio Tuesday. As at CalPERS, the Sacramento-based CalSTRS fund was boosted by strength in real estate, foreign stocks and "alternative" investments. CalSTRS' real estate portfolio was up 35.
April 3, 2004 | From a Times Staff Writer
Gov. Arnold Schwarzenegger on Friday appointed Santa Ana Mayor Miguel Pulido to the board of the California State Teachers Retirement System, the largest pension program of its kind in the country. Pulido, a Democrat, was initially appointed to the unsalaried post last year by former Gov. Gray Davis shortly before Davis was recalled. But when Schwarzenegger became governor, he withdrew Pulido's nomination along with scores of other pending Davis state office nominees.
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