ILPA, CalSTRS among those backing SEC’s private funds rule

By Brian Croce Source: Pensions & Investments The Institutional Limited Partners Association, Council of Institutional Investors and 11 public pension funds, including CalSTRS, have filed an amicus brief in federal court supporting the SEC in a lawsuit brought by industry groups seeking to overturn a new SEC rule requiring increased disclosure from private fund advisers and prohibiting certain fee arrangements. "The private fund adviser rules, at their core, are about protecting those benefiting by institutions' investments in private funds [...]

2024-01-05T15:14:54-08:00January 4th, 2024|Categories: SEC|Tags: , , , |

CalPERS, CalSTRS need fresh skills to take on new risks, Betty Yee says

By Arleen Jacobius Source: Pensions & Investments Asset owners need a different set of tools to navigate their portfolios through the uncharted waters they find themselves in today, said Betty T. Yee, outgoing California state controller and member of the boards of CalPERS and CalSTRS. To get there, boards need more education related to these issues and risks including geopolitical and climate change, and to hire staff with different skill sets to augment the deep investment expertise plans already [...]

2022-12-19T10:12:16-08:00December 19th, 2022|Categories: Multiemployer Plans|Tags: , , , |

CalSTRS gets pushback on collaborative investing

By Arleen Jacobius Source: Pensions & Investments CalSTRS' ambitious collaborative model is starting to experience growing pains. Staff members of the $314.8 billion West Sacramento-based pension fund, the nation's second-largest public pension plan, are starting to get some pushback from their board as they work to implement version 2.0 of the model that will result in plan officials having more control over the fund's investments. Designed to reduce costs, control risk and boost returns, CalSTRS' collaborative model is a [...]

2022-07-27T11:33:14-07:00July 27th, 2022|Categories: Pension Funding|Tags: |

CalSTRS looks to expand scope of collaborative investing model

By Arleen Jacobius Source: Pensions & Investments CalSTRS is moving to the next phase of its collaborative investment model that not only focuses on cutting costs but also boosting returns. Strategies will include profit-sharing arrangements and investing across asset classes in public and private assets, Scott Chan, deputy CIO, told the investment committee on Thursday. Read the full article

2021-11-11T08:42:42-08:00November 11th, 2021|Categories: Pension Funding|Tags: , |
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