Tuesday, 21 April 2015
Last updated 5 hours ago
Nov 7 2011 | 11:51am ET
The California State Teachers' Retirement System has awarded a $200 million mandate to hedge fund Blue Harbour Group.
Greenwich, Conn.-based Blue Harbour specializes in activist investing, working collaboratively with managements and boards to identify initiatives to create and unlock shareholder value. The mandate comes from the $139.2 billion public pension's corporate governance portfolio.
In addition to hiring Blue Harbour, CalSTRS has laid the groundwork for another alternative investments appointment. The pension plans to issue a request for proposals for a private equity consultant, Pensions & Investments reports. The RFP will be posted on CalSTRS' web site and responses will be due next month.
Pension Consulting Alliance's contract with CalSTRS expires in June; the firm will be permitted to rebid.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…