California State Teachers' Retirement System related stories
All articles and analysis
CalSTRS approves $1bn infrastructure policyThe US’ second largest pension fund has allocated $1bn to the growing asset class with California’s infrastructure needs to be given preference. The pension also announced its prediction that private equity will reach 15 percent of total assets by 2012.
- Pantheon prepares to launch infrastructure business
The private equity investor is set to join the slew of firms looking to profit from a growing global need for finance to meet infrastructure costs. Some estimates suggest as much as $360 billion will come from private sources.
- CalSTRS set to allocate $1bn to infrastructure
The US’ second largest pension fund is considering allocating $1bn to the growing asset class with California’s infrastructure needs to be given preference. The move comes as fellow pension giant CalPERS finalises its inflation-linked investment programme.
- CalSTRS CIO: US pensions should move toward privatisation
The challenges of running sophisticated alternative investment platforms beneath government umbrellas – from retaining talent to enduring criticism over private equity allocations – were among topics broached today by a panel of heavy-hitting LPs.
- Sovereign fights
Should California pass a bill limiting pensions’ ability to invest in sovereign wealth-linked private equity funds, it may have serious unintended consequences, writes Amanda Janis.
- CalSTRS, Canada warn against sovereign fund legislation
CalSTRS’ board has vehemently opposed a pending California bill that would limit pensions’ investments in private equity firms with links to sovereign funds, while the president of Canada’s second-largest pension today warned a US Congressional task force against introducing similar legislation.
- CalSTRS again taps Invesco to manage $200m FoF mandate
The California pension has now charged Invesco with investing a total of $300 million with less-established and sometimes overlooked GPs.
- Interview: Lawmaker behind anti-SWF bill says concerns are ‘exaggerated’
The California assemblyman who wants CalPERS and CalSTRS to cease ties with firms partially owned by certain sovereign wealth funds tells PEO he is particularly targeting alleged human rights abuses in the UAE, and calls fiscal objections voiced by pension investment staff ‘overstated'.
- Apax closes in on European record
The buyout fund could set a European record, as a parallel fundraising from employees nears completion. Rival CVC Capital Partners is also hard on the heels of record holder Permira.
- CalSTRS increases alternatives allocations
Following close on the heels of CalPERS’ portfolio allocation changes, the $173 billion California State Teachers’ Retirement System has increased its private equity allocation to 8 percent.