July 9, 1997 |
The California State Teachers Retirement System has sold all its shares in Maxxam Inc. amid environmentalists' calls for divestiture. The pension fund, the company's 10th-largest institutional shareholder, sold 71,400 shares for about $3.3 million as part of "normal portfolio rebalancing" last month, said James Mosman, chief executive of the state-run fund, which has more than $72 billion in assets. He said the fund sold a total of $160 million in stocks.
August 20, 1999 |
The California State Teachers' Retirement System, the third-biggest government pension fund in the U.S., said it earned 13.35% on its investments in the year ended June 30. Sacramento-based CalSTRS said gains on its investments in U.S. and international stocks helped propel it to a total of $99.9 billion in assets by June 30, $11.8 billion above its total in the year-earlier period. By contrast, the California Public Employees' Retirement System, the biggest U.S.
December 13, 2005 |
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 |
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.
CALIFORNIA | LOCAL
October 10, 1992 |
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 |
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 |
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.
March 8, 1997 |
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.
December 21, 1999 |
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 |
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.