2019 News Releases

2019 News Releases

Overview
News release Amy Norris

CalSTRS Seeks to Join Lawsuit to Reform Governance Practices at Facebook

WEST SACRAMENTO, Calif. (August 20, 2019) – The Teachers’ Retirement Board today announced it will make a motion to be added as a plaintiff to a pending derivative case against Facebook’s leadership, including CEO/Chairman Mark Zuckerberg. A derivative lawsuit is brought by shareholders on behalf of a corporation to remedy harm done to the corporation.

News release Michelle Mussuto

CalSTRS Head of Global Equity June Kim Highlighted as a NextGen Investor
CIO Magazine features Kim as one of 2019’s inspiring investment industry leaders.

June Kim

WEST SACRAMENTO, Calif. (July 12, 2019) – The California State Teachers’ Retirement System today announced that their Global Equity Director June Kim was selected as one of Chief Investment Officer Magazine’s 30 NextGen investors. Kim leads the largest asset class— at 51%— of the nation’s second-largest retirement system’s total portfolio.

News release Michelle Mussuto

CalSTRS Appoints Geraldine Jimenez Director of New Investment Strategy and Risk Unit
Unit’s primary goal: improve the risk-adjusted returns of the CalSTRS portfolio through a total fund research and decision-making structure

Geraldine Jimenez

WEST SACRAMENTO, Calif. (June 13, 2019) – The California State Teachers’ Retirement System announces the appointment of Geraldine Jimenez as Director of Investment Strategy and Risk. This new unit, situated in the CalSTRS Investment Branch, was established in May 2019. The unit is responsible for implementing and monitoring CalSTRS’ overall investment portfolio strategy and risk profile.

News release Michelle Mussuto

CalSTRS Global Equity Director June Kim Named as Aspen Institute Finance Leaders Fellow
Two-year program focuses on connecting finance to society-at-large

June Kim

WEST SACRAMENTO, Calif. (May 22, 2019) – The California State Teachers’ Retirement System today announced that Global Equity Director June Kim has been selected as one of 22 Finance Leaders Fellows at the Aspen Institute, part of the Aspen Global Leadership Network. Fellows are nominated by a third party; each class of Fellows is made up of high-integrity, highly diverse individuals who have something to teach and to learn from the others.

News release Ricardo Duran

CalSTRS Opens Member Service Center in Fresno
Fresno full-service member center is the eighth to open statewide since 2009

CalSTRS Fresno Member Service Center

WEST SACRAMENTO, Calif. (May 20, 2019) – The California State Teachers’ Retirement System today announced the opening of its eighth member center, in Fresno’s Civic Center Square.

Other CalSTRS service centers are in Glendale, Irvine, Riverside, Redding, Santa Clara, San Diego, and at the CalSTRS headquarters in West Sacramento.

News release Michelle Mussuto

CalSTRS Now a Majority Owner in Fairfield Residential
Acquisition consistent with Collaborative Model framework for real estate

Scott Chan

WEST SACRAMENTO, Calif. (May 15, 2019) – The California State Teachers’ Retirement System today announced its acquisition of the majority interest in Fairfield Residential Company LLC from Brookfield Asset Management. Brookfield retained its interest in the investment manager of Fairfield’s affiliated real estate funds. Recently CalSTRS adopted a Collaborative Model for investments across all asset classes in its portfolio. This approach supports identifying and investing in strategic opportunities, such as the acquisition of real estate operating companies like Fairfield.

News release Ricardo Duran

CalSTRS Releases Valuation for 2018
Slight improvement reflects better than expected investment returns

WEST SACRAMENTO, Calif. (May 9, 2019) – The Teachers’ Retirement Board today received the results of the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2018. The actuarial valuation provides a snapshot-in-time of the system’s financial health, in addition to monitoring the system’s funding status and its ability to meet long-term commitments.

News release Michelle Mussuto

CalSTRS Announces its Latest Progress Report Toward Long-Term Sustainability
Fifth annual report showcases advances in pension plan full funding, retirement preparedness and cybersecurity

Jack Ehnes

WEST SACRAMENTO, Calif. (April 25, 2019)– The California State Teachers’ Retirement System today released its fifth annual Sustainability Report. The report, based on data from fiscal year 2017-18, uses the Global Reporting Initiative Standards: Core option.  

News release Michelle Mussuto

CalSTRS Trustee Sharon Hendricks Elected to PRI Board
Principles of Responsible Investment is the world’s leading proponent of responsible investment

Sharon Hendricks

WEST SACRAMENTO, Calif. (April 15, 2019) – California State Teachers’ Retirement System announced that trustee Sharon Hendricks was elected to the PRI Association Board. As an independent organization, PRI encourages investors to use responsible investment to enhance returns and better manage risks.

News release Ricardo Duran

CalSTRS Board Trustees Certified for Four-Year Term
Teachers’ Retirement Board member representatives will serve through 2023

WEST SACRAMENTO, Calif. (January 16, 2019) – The California State Teachers’ Retirement System today announced the certification of three member representatives to the CalSTRS governing board.  The members will each serve a four-year term, which begins January 1, 2020.

The three candidates, two who represent pre-kindergarten to 12th grade educators and one who represents community college educators, were not opposed and were certified elected by CalSTRS Chief Executive Officer Jack Ehnes.