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STONewsroom

  1. Registration is now open for the CDIAC/MSRB Conference bit.ly/JGoIgc
  2. Lockyer on PBS: State should use windfall from Facebook IPO on one-time expenditures, not ongoing programs. bit.ly/KuREWs (10:25 in)
  3. Seminar will help ensure taxpayers, investors properly informed about pension fund finances. Details at 1.usa.gov/IGYyKF
  4. Treasurer Lockyer announces $495 million of bond financing to help build new Stanford Hospital. Health agency he chairs will sell bonds.
  5. Treasurer Lockyer: We've expanded loan program that helps small and rural health facilities increase access to care. 1.usa.gov/JtqC25
  6. Registration is now open for CDIAC's next class, Municipal Market Disclosure: Application to Pension Disclosure bit.ly/InETwK
  7. MT @JudyLinAP: Speaking of college, CA Treasurer Bill Lockyer announces #ScholarShare529 launches Spanish-language site bit.ly/wZo4Tc
  8. Treasurer Lockyer: Taxpayers will save $260 million from 03/01bond refinancing completed by his office.
  9. Treasurer Lockyer just got a $1 billion short-term loan from Barclays and JPMorgan to help the state avoid a cash flow crunch.
  10. Next webinar from CDIAC on February 15, Investment Analysis: Duration Calculation bit.ly/x8NZjC
  11. Check out the latest educational opportunities from the California Debt and Investment Advisory Commission (CDIAC) bit.ly/zXhhUw
  12. @aaronmclear Using accurate 20th century average dividend numbers – 4% (not 2% Stanford study uses) – Stanford study portfolio returns 8%
  13. @aaronmclear P&I mag surveyed nation’s 100 largest private DB plans to find out what assumptions THEY are using. Median number: 7.8%
  14. @aaronmclear PERS’ average annual return over last 20 is 7.8%; beat 7.75% 14 of last 21 FYs
  15. @aaronmclear PERS’ FY 10-11 return was 21% - even if 1% holds through June for 11-12 FY, that’s an 11% 2-yr average
  16. @aaronmclear Here's what Lockyer thinks: Earnings reported on fiscal year basis. CalPERS’ 1.1% return is calendar year.
  17. Treasurer Lockyer calls Governor's budget "honest, balanced and prudent." 1.usa.gov/zabG8P
  18. Treasurer Lockyer Urges Families to Consider Giving ScholarShare College Savings Plan This Holiday Season bit.ly/uMP2Px
  19. Here's the email to Joe Nation, from Lockyer aide, Grant Boyken, outlining Treasurer's concerns re: pension study: 1.usa.gov/vW0twj