CalSTRS News Archive
CalSTRS news archive
Past news articles, reports and other published materials on CalSTRS programs and investments.
CalSTRS moves on long-term allocation plan
The California State Teachers’ Retirement System (CalSTRS) has bumped up its target allocation to the real estate asset class from 13 percent to 14 percent as part of a shift to the new long-term asset allocation targets approved in January.
New CalSTRS plan aims to reduce costs, bring more management in-house
California State Teachers’ Retirement System, West Sacramento, on Wednesday adopted fiscal year 2021 business plans for the entire $242.8 billion pension fund and each asset class.
CIO Christopher J. Ailman told the investment committee that the business plans “are actually a critical element” that keeps the team heading in the same direction.
CalSTRS’ master plan to rein in investment costs
The California State Teachers’ Retirement System unveiled a plan to cut investment costs over the next ten years, and one key will be managing more investments in-house.
CalSTRS published the plan online ahead of its upcoming board meeting Wednesday. The $226.8 billion pension fund’s investment committee still has to approve and accept the proposal before it could go into effect.
CalSTRS CIO sees ’sloppy W’ recovery, election risks
Chris Ailman, Chief Investment Officer at CalSTRS, on why its time to rebalance your 401ks, a sloppy W recovery, and rough seas ahead.
Note: Total run time 00:07:48.
CalSTRS joins CalPERS at studying remote work even after pandemic goes away
The California State Teachers’ Retirement System may consider continuing remote working after the pandemic is over, even as it is building a $300 million office building in West Sacramento.
The teachers’ pension fund may follow in the strategy of the Sacramento-based California Public Employees’ Retirement System, whose CEO said this week that she anticipates half of its employees will continue to work remotely after the pandemic goes away as a way to trim costs.
CalSTRS seeks permanent risk-mitigation strategies consultant
CalSTRS is searching for a permanent consultant to assist with manager sourcing and selection for its $20.6 billion risk-mitigating strategies portfolio, according to an RFP.
Yes, Trump can send in military but probably won’t
Chris Ailman, Chief Investment Officer at CalSTRS Investments, discusses the “ridiculous” amount of Fed stimulus to backstop markets.
Note: Total run time 00:29:08.
CalSTRS is skeptical about the market rebound
Amid the coronavirus pandemic and subsequent market volatility, the California State Teachers’ Retirement System’s investment returns are “pretty flat” for the year, according to chief investment officer Chris Ailman.
However, the retirement system remains cautious about the recent market upturn, Ailman said at CalSTRS’s board meeting on Thursday.
CalSTRS searches for Director of Investment Services
The California State Teachers’ Retirement System (CalSTRS) is searching for a director of investment services to replace Chief Operating Investment Officer Debra Smith, who retired this month.
The senior position on the investments team was created after Smith, who worked at the fund for 24 years, announced her retirement in February. She is expected to stay on for a short time as a retired annuitant to help the pension fund through the downturn.
CalSTRS says climate is major portfolio threat, companies must walk the walk on net-zero
This is the first of a two-part Q&A series with CalSTRS examining prospects on ESG and climate investing through the energy transition. This portion of the discussion explores the rise of ESG, the importance of policy, and what comes next for companies with net-zero commitments.
CalSTRS Ailman says there will be resurgence of virus in fall
Chris Ailman, chief investment officer at the California State Teacher’s Retirement System, joins “Closing Bell” to discuss the current coronavirus epidemic.
CalSTRS COIO Debra Smith to retire in May
Debra Smith, the chief operating investment officer at the California State Teachers’ Retirement System (CalSTRS), will retire next month. The pension fund will start recruiting for her replacement in the next six weeks.
Smith, who worked at the fund for 24 years, reported directly to CIO Chris Ailman and was responsible for the fund’s enterprise strategic and business plan goals, according to a Monday release. She announced her retirement to the educator pension system in February. Her last day in the position will be May 7.
Four ways for universal owners to live up to their name in the COVID recovery
Stewards of capital must become the stewards of a new form of capitalism.
The simulations and scenarios of central bankers and government regulators, the World Bank and the IMF and stock exchanges and trading networks surely included pandemics. But for all of the handwringing about Too Big to Fail, they apparently forgot to put the economic system through a global health stress test.
A system failure of this magnitude reflects, um, a system failure.
How second largest US public pension fund is investing amid coronavirus
The nation’s second largest public pension fund has been using a strategy to mitigate the impact of the coronavirus-fueled selloff and is now focused on the recent rally off the lows. The California State Teachers’ Retirement System has more than $226 billion in assets is under management with a long-term focus. Christopher Ailman, chief investment officer at CalSTRS, joins “Squawk Box” by phone to discuss.
Why shareholder meetings should go virtual in 2020
The COVID-19 pandemic has caused fear and confusion for all investors, and market volatility reflects this uncertainty. Just as the response to COVID-19 needs science, the markets need data and transparency. Rather than ramping up disclosures, too many companies around the globe have begun to postpone or cancel their Annual General Shareholder Meetings (AGMs) altogether. As of March 26, International Shareholder Services (ISS) reported 400 adjourned or canceled AGMs globally. This is a mistake.
US pension fund CalSTRS allocates $2.2b to PE managers in H2
US pension fund California State Teachers’ Retirement System (CalSTRS) committed a total of $2.2 billion to private equity managers in the second half of last year ended 30 September, bringing its total for 2019 to $7.6 billion.
According to its latest private equity investment report, the second half commitment included the $1.6 billion approved during the fourth quarter, increasing its exposure to PE to 9.5 per cent from 9.3 per cent in March last year.
The pension fund’s overall PE program is slightly above the current target of 9 per cent but still below the long-term target exposure of 13 per cent.
CalSTRS CEO Jack Ehnes postpones retirement because of coronavirus
Jack Ehnes, longtime chief executive officer at the California State Teachers’ Retirement System (CalSTRS), is postponing his retirement to steer the $246 billion pension plan through the coronavirus pandemic, the fund said Friday.
The leader of the largest educator-only fund in the world will continue at the helm through June 2021. His decision came after the CalSTRS board requested he postpone his retirement as trustees continue their search for a new chief executive while scrambling to respond to the economic impact of COVID-19.
CalSTRS invests heavily in real estate debt, offices and secondaries
California State Teachers’ Retirement System (CalSTRS) has been seeking to increase its exposure to real estate debt, offices and property funds via the secondary market.
As part of more than $2bn (€1.74bn) committed to real estate strategies in the second half of 2019, the $252bn pension fund allocated $648m to real estate debt investments.
The untapped potential of infrastructure investments’ influence on humanity
Investments in infrastructure can perpetuate on the advancement of our societies, while providing attractive defensive elements to a portfolio.
How we sharpened our agility with cloud and IT
An essential function of any organization is to periodically evaluate tits IT infrastructure in relation to its business needs, drivers and priorities. CalSTRS has three high-priority business drivers: mitigating operational risks, transforming stakeholder experience and controlling costs. CalSTRS is addressing its highest priorities by implementing a hybrid cloud IT infrastructure model that will provide cost-effective security, agility, usability and flexibility as a critical foundation for fulfilling its enterprise strategies.