CalSTRS in the News

CalSTRS in the news

Overview

Review recent news articles, reports and other published materials on CalSTRS programs and investments.

Article Investment Innovation Institute, NewsDecember 4, 2019

CalSTRS Evolves Risk Mitigation Strategy

It has been almost five years since United States asset consultant Pension Consulting Alliance, now called Meketa Investment Group, approached its clients with a new way of managing risk to combat severe equity crises.

Since then, this strategy – sometimes called crisis risk offset or risk mitigation strategy – has faced some real challenges.

Article Bloomberg, MarketsDecember 4, 2019

California Pension Fund Goes Green With Muni-Bond Debut

The California State Teachers’ Retirement System may have just missed its investment goal but its debut municipal-bond sale Thursday is right on target.

The public pension, the second-biggest in the nation, is selling $281 million in tax-exempt municipal green bonds at a time when wealthy Californians are snapping up such debt to drive down their tax bills and when buyers are increasingly seeking investments intended to lessen the impact of climate change. The pension, which posted a 6.8% return shy of its 7% expectation for the year that ended in June, is using the bond proceeds for an expansion of its West Sacramento headquarters designed to meet high environmental standards, including the ability to achieve zero net energy consumption.