06
Feb
2012

CalSTRS lowers its investment forecast…

Categories: California Developments
Print Friendly

The California State Teachers’ Retirement System, the second-largest U.S. public pension, cut its assumed annual rate of return to 7.5 percent from 7.75 percent, the second reduction since 2010. The board of the $144.8 billion fund voted yesterday to adopt an actuary’s recommendation to lower its investment forecast because of what a staff report called “dramatic market declines” beginning in 2008.

http://www.businessweek.com/news/2012-02-06/california-teachers-pension-trims-investment-forecast-to-7-5-.html

Archive

  • +2017 (1)
  • +2016 (25)
  • +2015 (60)
  • +2014 (41)
  • +2013 (28)
  • +2012 (56)
  • +2011 (43)
  • +2009 (1)
  • +2004 (2)