California State Teachers Retirement System, Sacramento, adopted currency hedging program policies, approved an alternative investment business plan and authorized staff to enter into contracts with alternative investment advisers and/or independent fiduciaries. The board of the $98.5 billion fund also adopted an equity monitoring policy that requires the asset category be managed to "achieve optimum performance results, diversification of styles and assets, clear and certain disclosure and accountability. The board also voted to support a bill that would require CalSTRS and the $156.4 billion California Public Employees Retirement System, Sacramento, to monitor investments in businesses that owe compensation to victims or heirs of victims of World War II slave labor. It also voted to support a bill that would require CalSTRS and CalPERS to monitor Northern Ireland-based corporations in which the funds invest and to support shareholder resolutions of those corporations encouraging affirmative action.
California State Teachers' Retirement System, Sacramento, adopted...
Sponsored
White Papers
Sponsored Content
Partner Content