Tuesday, 29 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…