Tuesday, October 08, 2013

STRS should do what Calpers has done

October 6, 2013
From:  James Stoll
To:  Craig Brooks

I have long advocated STRS doing what Calpers is doing.  In light of Mr. Mitchell and staff underweighting equities and costing us close to a billion dollars over the past two year as well as the losses on our short bets of VXX and SDS yet still receiving enormous bonuses, this would seem a better move for our future investment success.   Going the route Calpers has adopted make perfect sense for STRS also.  Hope you and STRS will review what they are doing and adopt the same.  They thought it was their fiduciary duty to do this.  I'd say the STRS Board has the same fiduciary duty.
Jim Stoll
Larry KehresMount Union Collge
Division III
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Vermont Teddy Bear Company