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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.
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.
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.
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.
May 27, 2001 | Inman News Features
A zero-down-payment mortgage program for California's public schoolteachers has topped $140 million in volume in less than a year, according to Freddie Mac and the California State Teachers' Retirement System. Since it was introduced last spring, the CalSTRS Home Loan Program's zero-down mortgage option has enabled about 1,429 teachers and other school employees to buy homes. CalSTRS was one of the nation's first public pension funds to become a Freddie Mac seller/servicer.
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.
January 17, 2003 | From Times Staff and Wire Reports
The University of California said Thursday that it would sue WorldCom Inc.'s officers and directors, Citigroup Inc. and Arthur Andersen in California state court, alleging the financial and accounting firms helped the long-distance company mislead investors about its financial health. The university, which lost $353 million on WorldCom securities when an accounting scandal toppled the firm into bankruptcy protection, is opting out of class-action litigation in federal court in New York.
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