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