Tuesday, 3 March 2015
Last updated 3 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…