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Experts Tell CalSTRS Earnings May Fall Short
Calpensions Link to more items from this source
Oct. 27, 2014
"It's an old issue for CalSTRS. An investment banker, David Crane, was removed from the CalSTRS board in 2006 (denied confirmation by the state Senate) after repeatedly arguing that investment earnings forecasts were too optimistic. The new 'capital markets forecast' by the experts is an early step in a routine four-year CalSTRS process that will lead to a review of the 7.5 percent earnings assumption in 2016.... After the last earnings review in 2012, the CalSTRS board made a small change, dropping the forecast from 7.75 to 7.5 percent[.]"

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