Facebook is certain to become part of market indexes to which some CalSTRS investment funds are keyed, according to Janice Hester-Amey, portfolio manager in CalSTRS' corporate governance unit. "We don't have any way of avoiding the stock," she told me. "You'd have all sorts of risk if your strategy
Date: May 18, 2012
Source: Google
Facebook Governance Already a Concern For Giant CA Pension Fund
older activism and has been a prominent voice for improving U.S. corporate governance. CalSTRS own Facebook shares through its private equity managers and plans to purchase more once Facebook goes public, according to Janice Hester-Amey, a portfolio manager in CalSTRS Corporate Governance unit.
Date: Feb 07, 2012
Category: Business
Source: Google
California Pension Fund Challenges Facebook Over Diversity on Board
CalSTRS decided to send the letter after seeing Facebook's IPO filing and being "struck by the composition of the board," said Janice Hester-Amey, portfolio manager for corporate governance at the big public pension fund.