The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
CalSTRS Hires Money Managers Using State Cement Procurement Rules
“But frankly, it takes me almost nine months to hire a money manager. Because of the procurement rules, I have to use the same rules that Caltrans uses to buy cement, or somebody else buys equipment. I have to use that to hire money managers. They don't recogni…”
CalSTRS Runs Internal Strategies at One-Tenth the Cost of Wall Street
“Frankly, we can run money at one-tenth the cost of hiring somebody here on Wall Street to do the same thing”
Teacher Pension Plans Are Typically the Most Underfunded in the US
“So most of the time, when you look at plans around the country, it's the teacher plan that's the most underfunded.”
Average State Pension CIO Tenure Is Only Four Years
“I have seen the average tenure of a state pension CIO is only four years, and that has been true since the 19 eighties, and I think the reason for the constant turnover is, often time, the governance is unclear, and They run into problems about what decisions …”