CalSTRS CIO Chris Ailman says he’s a little nervous about this equity market and he doesn’t expect much news out of Jackson Hole this week. He’s on “Bloomberg Markets: The Close.”

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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.

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ExxonMobil shareholders have elected two board members backed by activist investors. We discuss the new chapter in the battle to make energy companies face the threat of climate change — and to change themselves.

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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.

BlackRock CEO Larry Fink told CNBC on Thursday that the world’s largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies.

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.

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.

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.