CalSTRS News Archive

CalSTRS news archive

Overview

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

Article CNBC, Closing BellAugust 11, 2021

CalSTRS posts double-digit returns

California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Chris Ailman joins Closing Bell to discuss his views on the markets and what he expects the Fed to do in the next few months.

NOTE: Video run time 00:04:58

Article Investments & Pensions Europe, NewsAugust 17, 2021

APG, CalSTRS, ADIA create US renewable energy business

Capital Dynamics has spun off its US clean energy infrastructure team members to APG, the California State Teachers’ Retirement System (CalSTRS) and Abu Dhabi Investment Authority (ADIA) to form a new business.

Capital Dynamics said members of its US Clean Energy Infrastructure (CEI) team, will combine with its Arevon Asset Management business to form Arevon Energy. APG, CalSTRS and ADIA have been long-standing investors with Capital Dynamics and will own the new business.

Article KCRA-TV, NBC SacramentoJune 22, 2021

How CalSTRS and CalPERS are working to change the face of Wall Street

If you ask the hiring manager of any company, they’d probably say diversity and inclusion are two of the most highly discussed — and sometimes debated — topics in their field.

Financial experts say diverse companies perform better and have higher profits, which is why CalSTRS and CalPERS have partnered to host a diversity forum.

Their goal, they say, is to change the face of Wall Street.

NOTE: Video run time 00:02:00

Article Bloomberg, FinanceJune 18, 2021

CalSTRS’ crucial phone call eased path for activist’s Exxon win

At the height of the proxy battle led by investment fund Engine No. 1 to name a slate of dissident directors with environmental and energy experience to the board of Exxon Mobil Corp., in March, the oil giant suddenly added two more climate-aware members to its board.

Article Pensions & Investments, GovernanceApril 27, 2021

3 largest U.S. pension funds challenge Exxon Mobil board

The three largest U.S. pension funds are backing a bid by hedge fund firm Engine No. 1 to replace board directors at Exxon Mobil.

The $460.8 billion California Public Employees’ Retirement System, Sacramento, the $291.7 billion California State Teachers’ Retirement System, West Sacramento, and the $247.7 billion New York State Common Retirement Fund, Albany, are joining the newly formed hedge fund firm in challenging the slate of directors backed by Exxon Mobil that will be up for election at the energy company’s May 26 annual meeting.

Article The Wall Street Journal, MarketsApril 4, 2021

If you sell a house these days, the buyer might be a pension fund

A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market.

Article Fortune, CommentaryMarch 4, 2021

One of America’s biggest pension funds is backing a bolder climate policy. Other investors should get on board

After a year of intense weather events and increasing signs of damage to global ecosystems, the early months of 2021 have thankfully set a more optimistic tone. The Biden-Harris administration signals a new direction for the world’s largest economy, along with a welcome recommitment to international leadership and multilateral cooperation to address climate change. Finally, the days of ignoring the science are nearly behind us.

Article Private Equity News, Limited PartnersMarch 3, 2021

California Teachers’ pension system increases co-investing

One of California’s largest public pension plans meaningfully stepped up its co-investment activity during the six-month period ended 30 September as it sought to reduce fee expenses and become more engaged in the investing process.

Article CIO Magazine, PensionsFebruary 24, 2021

CalSTRS aims for new $2 billion sustainable portfolio

The California State Teachers’ Retirement System (CalSTRS) plans to build a private markets sustainable investment portfolio to go greener while aiming to maintain its investment returns.

The pension system’s plan calls for investments of $1 billion to $2 billion in the next couple of years—much of it in real estate affordable housing investments, as well as in private equity and infrastructure—according to CalSTRS investment committee material.

Article KCBS-Radio, NewsFebruary 13, 2021

COVID-19 pandemic driving California teachers into early retirement

The coronavirus pandemic is driving many teachers in California into early retirement, according to an assessment by the state’s teacher pension system.

More than 3,200 teachers in California retired in the second half of 2020. That’s a more than 25 percent increase over the same period the previous year.

Note: Total run time 00:01:11.

Article Top 1000 Funds, Investor ProfileFebruary 11, 2021

CalSTRS takes on ExxonMobil

The $255 billion Californian pension fund, CalSTRS, has embarked on a new era of “activist stewardship” which will see it take on large companies such as Exxon Mobil which have not responded to shareholder engagement.

Article The Sacramento Bee, The State WorkerFebruary 11, 2021

COVID-19 is driving many California teachers to early retirement, CalSTRS says

More California teachers are retiring than at any point since the Great Recession, with many of those decisions motivated by the COVID-19 pandemic.

More than 3,200 teachers retired in the second half of 2020, a 26% increase over that same period in 2019, according to a blog post by the California State Teachers’ Retirement System, also known as CalSTRS.