2017 News Releases

2017 News Releases

Overview
News release Michael Sicilia

CalSTRS Selected as a Best Place to Work in Money Management
This is the third time, in the award’s six year history, that CalSTRS work culture has been recognized

WEST SACRAMENTO, Calif. (Dec. 12, 2017) – The California State Teachers’ Retirement System today announced that Pensions & Investments magazine has named it a Best Place to Work in Money Management for 2017. This year’s honor is the third CalSTRS has garnered—the only public pension plan to do so.

News release Michael Sicilia

CalSTRS Chief Investment Officer Receives Lifetime Achievement Award
Christopher J. Ailman is honored by Institutional Investor as a world class money manager

Christopher J. Ailman

WEST SACRAMENTO, Calif. (Nov. 29, 2017) – California State Teachers’ Retirement System’s Chief Investment Officer Christopher J. Ailman has been named recipient of Institutional Investor magazine’s first-ever lifetime achievement award. The award recognizes Mr. Ailman’s three-decade career, including 17 years at CalSTRS–where he shepherded the portfolio’s growth from $116 billion upon his arrival in 2000 to $219.6 billion today.

News release Michael Sicilia

CalSTRS 403bCompare Website Wins Analytics Innovation Award
This is the redesigned website’s third award garnering national recognition.

WEST SACRAMENTO, Calif. (Nov. 21, 2017) – The California State Teachers’ Retirement System received the Drexel LeBow Analytics 50 Award for its redesigned 403bCompare website from Drexel University’s LeBow College of Business. The website was selected based on three criteria: the complexity of the business challenge; the analytics solution implemented; and the solution’s business impact on the organization.

News release Michelle Mussuto

CalSTRS Earns TRUE Gold Level Zero Waste Certification
Green Business Certification, Inc. impressed with headquarters building waste diversion process

Jack Ehnes

WEST SACRAMENTO, Calif. (Nov. 13, 2017) – The California State Teachers’ Retirement System’s Environmental Sustainability Program successfully diverted over 95 percent of the headquarters building’s office waste from landfills and incinerators, preventing deleterious effects on the environment.

News release Michelle Mussuto

CalSTRS Selects RCLCO as Investment Committee Real Estate Consultant
RCLCO will advise the committee on strategy, policy and practices of the Real Estate Program

WEST SACRAMENTO, Calif. (Nov. 2, 2017) – At its November 1 meeting, the California State Teachers’ Retirement System Investment Committee announced the selection of RCLCO as the Committee’s new real estate consultant. The contract, which depending on the result of negotiations, will begin in March 2018, is for a three-year term, with a possible two-year extension. The current contract—held by the Townsend Group—expires in February 2018.

News release Michael Sicilia

CalSTRS CEO Elected President of National Council on Teacher Retirement
Jack Ehnes is the first California leader of the nationwide organization.

Jack Ehnes

WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes has been elected president of the National Council on Teacher Retirement, marking the first time a Californian has led the organization dedicated to safeguarding the integrity of public retirement systems in the U.S. and its territories. Mr. Ehnes begins his one year term on October 18, succeeding outgoing president, Jill Bachus, Assistant Treasurer, Tennessee Treasury Department.

Statement Michael Sicilia

CalSTRS Statement on ExxonMobil Plan to Reduce Methane Emissions

WEST SACRAMENTO, Calif. – CalSTRS Director of Corporate Governance Anne Sheehan made the following statement regarding ExxonMobil’s announcement of its intent to expand its Methane Emissions Reduction Program:

“As a longtime advocate for increased climate risk management, CalSTRS supports ExxonMobil’s announcement that it plans to enhance its methane risk management and reduction efforts with concrete steps that will simultaneously reduce atmospheric emissions and capture more natural gas by phasing out methane-emitting equipment, increasing training and designing new emissions-free systems.

News release Michael Sicilia

CalSTRS 403bCompare.com Wins Best of Web Award
Center for Digital Government applauds improved user features such as side-by-side comparisons and real-time fee data.

WEST SACRAMENTO, Calif., – On September 15, the 403bCompare.com website—hosted and recently redesigned by in-house CalSTRS staff resources—was awarded the prestigious Best of the Web Award in the State Government Experience category by the Center for Digital Government.

Statement Michelle Mussuto

CalSTRS Supports S&P Action to Bar Multi-Class Share Companies from Index

Anne Sheehan

WEST SACRAMENTO, Calif. (Aug. 4, 2017) – CalSTRS Director of Corporate Governance Anne Sheehan issued the following statement in response to S&P Dow Jones Indices decision this week to not include companies with multi-class shares in the S&P Composite 1500®.

“We are very pleased by S&P’s decision because it reflects the view of investors that dual and multi-class share structures eliminate a core corporate governance principle—one share, one vote.

News release Krista Noonan

CalSTRS Reports 13.4 Percent Net Investment Return for FY 16-17
Ongoing emphasis on 30-year investment horizon and progress toward long-term funding plan.

WEST SACRAMENTO, Calif. – July 20, 2017 – The California State Teachers’ Retirement System announced today that the fund posted a 13.4 percent net of fees return for the 2016-17 fiscal year, with growth being driven by strong performance across all markets, led by non-U.S. equity. As of June 30, 2017, the total fund value was $208.7 billion.

News release Krista Noonan

CalSTRS Appoints Diane Stanton as External Affairs Director

Diane Stanton

WEST SACRAMENTO, Calif. – July 13, 2017 – The California State Teachers’ Retirement System today announced the appointment of Diane Stanton as External Affairs Director. In her new role, Ms. Stanton will provide leadership, management and strategic direction for the CalSTRS External Affairs program, with an emphasis on stakeholder relations, outreach and engagement. Her position reports directly to Public Affairs Executive Officer, Grant Boyken.

News release Michelle Mussuto

CalSTRS Corporate Governance Director Anne Sheehan Elected Chairman of SEC Investor Advisory Committee
Ms. Sheehan has been Acting Chair since April 2017

Anne Sheehan

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s Director of Corporate Governance Anne Sheehan was elected Chairman of the Securities and Exchange Commission’s Investor Advisory Committee today.

Ms. Sheehan was appointed as a member of the IAC when it was created in 2012, followed by her election as vice chairman in June 2015. Since April 2017, after Kurt Schacht left the committee, Ms. Sheehan has been acting chairman. In addition, Ms. Sheehan served as Chairman of the Investor as Owner Subcommittee from 2012 to 2014.

Statement Ricardo Duran

CalSTRS Takes Oppose Position on Financial CHOICE Act
CalSTRS expresses concern about H.R. 10 bill provisions that could reduce SEC oversight and remove critically important investor protections

WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes issued the following statement reflecting the Teachers’ Retirement Board’s decision to oppose H.R. 10 (Hensarling, R-TX), also known as the Financial CHOICE Act of 2017:

“The Financial CHOICE Act is shrouded in rhetoric about fixing the United States economy and lifting the regulatory burden on our financial institutions. On the contrary, this bill actually aims to unwind important shareholder rights, allows for riskier public companies, and decimates the Securities and Exchange Commission’s ability to protect investors.

News release Ricardo Duran

CalSTRS Takes Action to Divest of All Non-U.S. Thermal Coal Holdings
Action follows prior divestment of U.S. thermal coal holdings

WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board today announced the decision to divest the fund of all non-U.S. thermal coal holdings, effective July 1, 2017.

The board’s action aligns with CalSTRS’ long-term global perspective and its fiduciary duty, including consideration of environmental risks – both current and those projected over the next 10 to 25+ years. Burning thermal coal as a means of energy production creates such a risk, as a major contributor of greenhouse gases that negatively impact the climate on a global scale.