Monday, 30 March 2015
Last updated 8 hours ago
Oct 26 2007 | 2:18pm ET
The California State Teachers’ Retirement System issued a request for proposals today for alternative investment portfolio advisers to recommend partnerships, perform due diligence and assist and advise CalSTRS staff.
The final filing date for proposals is Nov. 29, with selections expected by early 2008. A copy of the RFP will be available soon at www.CalSTRS.com/rfp.
The request for proposals aims at establishing one nondiscretionary alternative investment advisers in each of three global regions: The Americas; Europe, the Middle East and Africa; and Asia/Pacific. An adviser may be awarded more than one region. The firms selected will be fiduciaries to CalSTRS and must be registered investment advisers.
The competitive process is prompted by the expiration of existing contracts with CalSTRS’ U.S. adviser, Cambridge Associates, and its European adviser, Altius Associates.
The $176 billion CalSTRS investment portfolio is the second-largest public pension fund in the nation. As of Sept. 30, the alternative investment portfolio had a market value of $13.7 billion. Geographically, the alternative investment portfolio is invested 70% domestically and 30% internationally. Since its inception in 1988, the alternative investment portfolio has had a 19.8% return.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…