US - The California State Teachers' Retirement System (CalSTRS) is opposing a proposed bill which it claims will restrict its investments and have a significant negative financial impact on the portfolio.
The proposed California Assembly Bill 1967 (AB 1967) legislation targets foreign government-controlled cash reserves (sovereign wealth funds). It would prohibit the $174bn pension fund from enterin...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
