Facebook IPO Filing | Did The CalSTRS Pension Fund Get In To Deep?

Facebook IPO Filing
  The first move by the California State Teachers’ Retirement System was a good one. It got in on the Facebook IPO filing for 500,000 shares, worth about $19 million, then sold them quickly when the price jumped ever so briefly on Day One. That savvy move landed the CalSTRS Pension Fund about a quarter of a million dollars, not bad for a day’s work, but nothing spectacular either, given the...
more →