Asset Allocation
CalSTRS Achieves 7.7% Return in 2024, Assets Reach $349.7B
Returns for the California State Teachers’ Retirement System were boosted by equities.
Tag: CalSTRS
Manager Selection
New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.
Pensions
CalSTRS to Review General Investment Consultant RFP
Current consultant Meketa’s contract with the California teachers’ pension will end on June 30.
Asset Allocation
CalSTRS Flexes Co-Investing Muscles
The $346.5 billion California teachers’ pension fund addressed leverage in its private equity policy with an eye toward expanding its co-investments and collaborative strategies portfolio.
Newsmakers
CalSTRS Promotes 2 to Investment Director
Rosie Lucchesini-Jack and David Murphy were appointed as directors of fixed income and global equity, respectively.
Where CalSTRS’ Scott Chan Sees Opportunities
The California teachers’ new investment chief discusses returns, AI and future opportunities for the fund.
Market Moves
CalSTRS Votes Against Record Number of Boards in 2024
The $341 billion pension giant opposed more than 2,200 boards of directors in proxy voting this year, mainly on climate risk disclosure.
Pensions
CalSTRS Achieves 8.4% Return in 2024 Fiscal Year
Assets of the California teachers’ fund rose to $341.4 billion at the end of June.
Newsmakers
CalSTRS Names June Kim Senior Investment Director
Kim was formerly director of global equity.
Asset Allocation
CalSTRS Allocates $200M to Kennedy Lewis for Credit Investments
The pension behemoth will invest assets in secured lending with the debt-oriented asset manager.
Opinion
Lessons on How to Manage Major Systemic Risks
Investors’ thoughts on how system-level investing, focusing on interconnections between stressed, complex systems, can impact portfolio performance and where it can help.
How Chris Ailman Cemented a Legacy of ESG Activism
The long-serving CalSTRS CIO, who retires June 30, used the pension giant’s financial heft to press companies toward more sustainable paths.
Risk
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Asset Allocation
Institutional Investors Reaffirm Support for Climate Action 100+ Following Departures
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
Pensions
Shareholder Activist Vote Against ExxonMobil Fails
An average of 95% of votes cast support the company's board amidst a lawsuit against two shareholders over sustainability concerns.