CalSTRS Seeds Emerging Activist Manager, Then Gives Them US$ 200 Million
Posted on 05/28/2014
The California State Teachers’ Retirement System (CalSTRS) is seeding an emerging activist manager by taking a 30% stake in the company. In addition, CalSTRS will give Legion Partners Asset Management US$ 200 million to manage. This is the first time CalSTRS has purchased private equity interest in a money manager firm. Legion Partners was co-founded […]
