Monday, 4 May 2015
Last updated 1 hour ago
Jun 16 2006 | 9:58pm ET
The $142 billion California State Teachers Retirement System will issue an RFP later this year for active currency overlay managers. The managers will run 15-20% of the plan's $32 billion international portfolio, or roughly $4.8 billion to $6.4 billion, said Brenna Neuharth, spokeswoman for the plan.
Funding will come from the plan's internally-managed currency program, which runs half of the plan's currency exposure. The other half is run by international managers who are responsible for implementing currency risk. The RFP is likely to be issued late in the fourth quarter.
According to a staff memo, the active managers are expected to add up to 20 basis points to the fund. The plan's consultant is Callan Associates.
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…