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CalSTRS
Latest Headlines
Latest Headlines
Hedge funds attract more inflows in February
Hedge funds ( hedge fund news) are gaining momentum. Global hedge funds accepted $16.6 billion in new investments in February, as pension funds and wealthy individuals bought in the wake of strong performances, according to Reuters .
The "flood of new money helped raised assets in the lo
California sues State Street
"This is just the latest example of how clever financial traders violate laws and rip off the public trust," says the California attorney general. He's referring specifically to State Street, whom the state has just sued to recover $200 million in overcharges and penalties stemming from allegedly
Will Bank of America's Ken Lewis survive?
People have been speculating for months about whether Bank of America's Ken Lewis (and his slate of directors) will survive the annual shareholder meeting. The truth, as we all know, is that shareholders bent on ousting management or even passing key reform resolutions are rarely successful, espec
Shareholders to wage war on Bank of America board?
There could be some fireworks at Bank of America's annual meeting on April 29. Shareholder anger is still mounting. CalPERS and CalSTRS, two of the largest U.S. pensions, have decided to take on the Bank of America board. They filed a request to be named lead-plaintiffs in what they hope will be c
GPs vs. LPs vs. shareholders
Private equity companies make a strong case for going public. But everyone knows that there's always the possibility of complications. The news that Calstrs will invest much less in funds offered by the Blackstone Group--$250 million vs. the $1.7 billion it invested in the last Blackstone fund--ha
