Newsmakers
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
Tag: CalSTRS
Special Report: Tips From CIOs and Managers to Avoid Greenwashed Investments
Top CIOs suggest questions to ask when building your theses.
Asset Allocation
Twitter Is Buzzing About This CalSTRS Stock Move
The pension fund increased its shares of AMC stock by 24% in Q3.
Newsmakers
CalSTRS New Headquarters Construction Delayed
The setback is expected to cost the pension between $15 million to $21 million.
Newsmakers
CalSTRS Expected to Hit Full Funding Five Years Ahead of Schedule
This year’s returns were great, but the pension has been struggling with its funded level for two decades.
Newsmakers
CalSTRS CIO Set to Receive $1.1 Million Bonus
Chris Ailman is up for a bonus that’s nearly twice his base pay for leading the pension to a 27.2% return.
Why Bother With Active Management When Mechanistic Passive Does Best Historically?
You want a helping of alpha along with beta-hugging index funds? We asked some shrewd allocators how they get it.
Corporate Moves
Pension Fund Investment Portfolios Thrive During Pandemic
Many of the world’s largest institutional investors report over 20% gains despite the economic impact of COVID-19.
Alternatives
Private Equity Powers Record-Breaking Pension Returns
The asset class has outperformed even public equities for many institutional investor portfolios.
Pensions
CalSTRS Earns Record Annual Return of 27.2%
Private and public equity gains of 51.9% and 41.8% boosted the fund’s asset value to $308.6 billion.
Commodities Rise: New Supercycle or Just a Temporary Blip?
Many institutions, wary of the asset class’s notorious volatility, keep their exposure low despite raw material price climbs.
The Exxon Vote: Pension Supporters Stay Onboard to Advance Change
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Corporate Moves
CalSTRS Appoints First Female CEO: Cassandra Lichnock
She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.
Milton Friedman, Ha! ESG Sentiment Won’t Ruin Companies Long Term
That’s the argument from our symposium panelists, who say sustainability boosts stocks both now and into the future.
Europe’s Venture Capital Finally Flowers, Luring Institutional Investors
Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.