CalSTRS News Archive
CalSTRS news archive
Past news articles, reports and other published materials on CalSTRS programs and investments.
CalSTRS Ailman: Concerned for when fed money flood ends
Chris Ailman, Chief Investment Officer at CalSTRS, on his current investment outlook and how he views Biden’s infrastructure plan.
Note: Total run time 00:07:45.
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.
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.
BlackRock’s Larry Fink says institutional clients focus more on climate, inflation than bitcoin
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.
CalSTRS close to new enhanced passive low carbon allocation
Kirsty Jenkinson, investment director at CalSTRS, said that the $282bn California State Teachers’ Retirement System is close to finalizing a new enhanced passive low carbon allocation.
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.
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.
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.
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.
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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.
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.