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California State Teachers Retirement System

BUSINESS
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.
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CALIFORNIA | LOCAL
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.
NEWS
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.
BUSINESS
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.
BUSINESS
March 8, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
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.
BUSINESS
December 21, 1999 | SHARON BERNSTEIN, TIMES STAFF WRITER
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.
BUSINESS
April 7, 2006 | Marc Lifsher, Times Staff Writer
The California State Teachers' Retirement System will sell its holdings in five foreign energy companies that do business in Sudan to protest human rights abuses in the African nation's Darfur region. On a 9-0 vote Thursday, the board of CalSTRS, the nation's second-largest public pension fund, directed its staff to plan for the divestment of the approximately $14 million worth of stock the fund currently holds in the companies. The holdings could be sold as early as June.
BUSINESS
February 1, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
Northrop Corp. said Wednesday that it has agreed to sell two Century City office buildings, including its corporate headquarters, and a 53-acre defense plant complex in Anaheim for more than $250 million. The aerospace giant said it would use the sale's proceeds to pay part of its $1.2-billion debt. Like other defense contractors, Northrop has felt the pinch from cutbacks in federal defense spending.
BUSINESS
February 6, 2003 | From Bloomberg News
The California State Teachers' Retirement System, the fourth-largest U.S. public pension fund, said Wednesday that it could see the gap between its assets and its obligations to pensioners multiply by 21 times to almost $47 billion in the next decade. CalSTRS' unfunded liability, which occurs when a pension fund's total value falls below projected long-term obligations to pay benefits to retirees, could grow from $2.2 billion in 2002 to $46.
BUSINESS
February 12, 1997 | TOM PETRUNO
The investment officers of California's two big public employee pension funds are taking two very different approaches toward investing their huge asset pools--and the results may cost one of those individuals his job. The $68-billion California State Teachers' Retirement System fund, under Chief Investment Officer Tom Flanigan, has become increasingly wary of the U.S. stock market's heights, and has reduced its stake in U.S. shares to 32.9% of total assets from 41.3% three years ago.
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