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California Teachers Retirement System

August 20, 1999 | Bloomberg News
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.
March 13, 2011
Subject: Patricia Ricci, 67 Assets: Home valued at $750,000; $80,000 in stocks and mutual funds Liabilities: $124,000 mortgage; $6,000 credit card debt Financial goals: Reallocate investments and prepare for long-term-care needs Recommendations: Sell stock to pay off credit card debt. Reallocate existing investments into a more conservative mix of stocks and bonds, putting two-thirds into highly rated bonds and the remainder into an indexed mutual fund holding large-company stocks.
July 9, 1997 | (Bloomberg News)
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.
December 26, 2009
Pension systems' investments Los Angeles developer CIM Group has amassed much of its investment capital from public pension systems. Here is a sampling of the commitments to CIM made by such agencies: California Public Employees' Retirement System: $1.87 billion Teacher Retirement System of Texas: $375 million New York State Common Retirement Fund: $250 million California State Teachers' Retirement System: $245 million University of California Retirement Plan: $150 million Arizona State Retirement System: $125 million City of Los Angeles (two systems)
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.
With a slow-growth initiative looming, the California Teachers Retirement System is withdrawing its construction plans for Newport Center on the heels of the Irvine Co.'s decision last week to halt its development plans there. In a surprise move Jan. 27, Irvine Co. Executive Vice President Gary H. Hunt withdrew plans for expansion of the center, citing a slow-growth measure going before Newport Beach voters Nov. 7.
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.
April 23, 2010 | Evan Halper and Marc Lifsher
— Across California, state and local leaders are moving to confront the cost of public employee retirement packages — an escalating financial burden that threatens to choke off funding for other government services. Legislation now being debated in Sacramento would curtail pension benefits to future state employees. Elsewhere, city and county governments are looking at a variety of measures, including raising property taxes to cover shortfalls and reducing payments to retirement funds.
Warning investors to be wary of online investment tips, the Securities and Exchange Commission said Wednesday that it has filed a federal lawsuit accusing a San Clemente man of fraudulently touting over-the-counter stocks on the Internet. The suit, filed Tuesday in Los Angeles, said Mark Malatesta used investor chat rooms and his own Financial Services Web site to promote stocks without disclosing that he was given thousands of shares and stood to receive thousands more if the stock prices rose.
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