CalSTRS News Archive

CalSTRS News Archive


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

Article West Sac Works, FeatureSummer 2019

Embracing the FUTURE

As CalSTRS begins the new expansion to their flagship building, the organization’s core values became the primary driver for every aspect of its design and use. West Sacramento will now be home to a global leader, setting cutting-edge standards in new fields you’ve probably never even heard of.

NOTE: CalSTRS Headquarters expansion story begins on page 14. The magazine is an outlet of the West Sacramento Chamber of Commerce.

Article CIO Magazine, NewsAugust 1, 2019

With 6.8% Return, CalSTRS Narrowly Misses Target

Despite a pendulum market and soaring volatility metrics in late 2018 and spring 2019, the California State Teachers’ Retirement System (CalSTRS) pulled close to its target 7% annual return, clocking in a 6.8% net return at the end of the 12-month period ending June 30.

The nation’s second-largest public pension plan also recorded its highest-ever fund value at $236.9 billion. Previous years recorded valuations of $223.8 billion (2018), $208.7 billion (2017), and $188.7 billion (2016). The pension is approximately 64% funded, and is on a quest to achieve 100% by 2046.

Article Corporate Governance, NewsAugust 26, 2019

Facebook CalSTRS Court Clash

Facebook CalSTRS court clash seeks to reform governance practices. The California Teachers’ Retirement (CalSTRS) Board recently announced it will make a motion to be added as a plaintiff to a pending derivative case against Facebook’s leadership, including CEO/Chairman Mark Zuckerberg in line with the fund’s Corporate Governance Program and Portfolio Policy.

Article CIO Magazine, NewsmakersMay 23, 2019

CalSTRS and Illinois Treasury Officials Win Prestigious Fellowships

June Kim, global equity head of the California State Teachers’ Retirement System (CalSTRS), and Rodrigo Garcia,deputy state treasurer and chief investment officer at the Illinois State Treasury, were picked for the Aspen Institute’s Finance Leaders Fellowships.

This two-year program allows them and 20 other professionals to sharpen their financial leadership skills.

Article Bloomberg, BusinessMay 16, 2019

CalSTRS Hires Manager for Gun Safety Campaign With Big Investors

The California State Teachers’ Retirement System hired a coordinator to shepherd its effort with other big U.S. investors to engage gun manufacturers and sellers to make firearms safer and expand the coalition.

Michael Weston started May 13 as public engagement manager. Weston, 48, came from the California Department of Social Services, where he spent 13 years, most recently as deputy director of public affairs and outreach programs. Previously he worked in television news.

Article EdSource, CommentaryApril 15, 2019

California’s School Pension Funding Plan is Working

As the world’s largest educator-only pension fund, the California State Teachers’ Retirement System, or CalSTRS, embodies a century-long pledge to uphold the state’s promise of a secure retirement to teachers.

CalSTRS’ dedication to act as fiduciaries on behalf of California’s teachers requires that we correct the record to assure our members, stakeholders and the public that the CalSTRS Funding Plan is working and to argue strenuously for the defined-benefit pension as the best choice for career educators.

Article CIO Magazine, NewsmakersApril 29, 2019

CalSTRS Tackles Opioid Crisis

The California State Teachers’ Retirement System (CalSTRS) is taking a role in engaging corporate boards and management of opioid manufacturers, distributors, and pharmacy retail chains it owns in its $115.5 billion global equity portfolio, shows a new pension system report.

The report, which details the activities of the pension plan’s sustainable investment and stewardship strategies team, notes that CalSTRS will be in discussions with 10 companies in the 2019 proxy season as part of a coalition with other institutional investors called the “Investors for Opioid Accountability.”

Article CNBC, World Exchange with Brian SullivanApril 11, 2019

CalSTRS CIO: Challenges Ahead for Uber, Lyft

In a Worldwide Exchange exclusive, CalSTRS Chief Investment Officer Christopher Ailman says companies like Uber and Lyft are facing questions from investors for good reason. Ailman also shares his investment outlook and discusses the state of U.S. public pensions.

NOTE: Video segment is 00:06:58 in duration.

Article Top 1000 Funds, Organisational DesignMarch 8, 2019

Why diversity is important at CalSTRS

On International Women’s Day spoke to CalSTRS CIO, Chris Ailman about diversity and inclusion.

The $214 billion fund for California teachers has been a leader on D&I in the investment industry, demonstrated through gender parity in its investment team and the publishing of an annual report on diversity for the past 10 years.

Article CNBC, Squawk AlleyMarch 19, 2019

CalSTRS CIO Chris Ailman on breaking up big tech

Chris Ailman, CalSTRS CIO, joins “Squawk Alley” to discuss the recent calls to break up some of the biggest tech companies, and the decision for many companies to take up a dual-class structure.

NOTE: Video segment is 00:09:23 in duration.

Article San Francisco Chronicle, Net WorthMarch 20, 2019

Lyft wants the public’s money, but not their input

Lyft to public shareholders: Give us your money, then shut up.

That’s essentially what founders Logan Green and John Zimmer are telling investors who buy stock in the company’s initial public offering, expected next week.

After the offering, Green and Zimmer together will own just under 5 percent of the company’s stock but control 49 percent of the company’s votes, according to data in the company’s prospectus.

Article CalpensionsFebruary 4, 2019

What delaying a big rate increase cost CalSTRS

CalSTRS has been the great exception among California public pension systems, different from the others in two important ways. The state helps pay some of its pension costs, and the board lacked the power to set employer rates, needing legislation instead.

Article Bloomberg, DealsFebruary 22, 2019

Texas and California Pensions Team Up With Buyout Firms for More Deals

Big U.S. pensions are pushing deeper into private equity, seeking exclusive deals alongside buyout firms and at sweeter terms.

Texas and California teachers are ramping up their allocations to co-investments, with more staff and new offices dedicated to buyouts. And Calpers, the largest U.S. pension, discussed this week whether to take a bolder step and do deals on its own.

Article The Wall Street Journal, MarketsFebruary 11, 2019

A Rarity on Wall Street: A Female- and Minority-Led Activist Hedge Fund

The upper ranks of hedge funds are almost exclusively white and male. Impactive Capital LP, a new activist fund being launched by two industry veterans, will be one of the exceptions.

Its co-founders and managing partners are Christian Asmar, who is Hispanic, and Lauren Taylor Wolfe. Both spent roughly a decade at activist hedge fund Blue Harbour Group LP before leaving to strike out on their own.

Article CIO Magazine, NewsmakersJanuary 9, 2019

CalSTRS Board Approves $300 Million Campus Expansion

The board of the California State Teachers’ Retirement System (CalSTRS) has approved plans to add a second office tower alongside it 17-story headquarters building in West Sacramento, part of a $300 million campus expansion aimed at attracting new investment staff and other workers.

Article Pensions & Investments, LegislationJanuary 31, 2019

CalSTRS votes to oppose statewide ban on public funds’ investments in private prisons

CalSTRS’ board voted Thursday to oppose a state bill that would require CalSTRS and CalPERS to divest investments in private prison companies by July 1, 2020.

The bill also would bar the $214.9 billion California State Teachers’ Retirement System, West Sacramento, and the $348.7 billion California Public Employees Retirement System, Sacramento, from making additional or new investments or renewing existing investments in a private prison company.