CalSTRS Receives Recognition in CIO Magazine’s Industry Innovation 2018 Awards
CIO Christopher J. Ailman received CIO of the year in the ninth annual award, which celebrates the best of institutional investing
WEST SACRAMENTO, Calif. (December 18, 2018) – The California State Teachers’ Retirement System today announced that it was recognized as the most innovative large public plan of the year in Chief Investment Officer Magazine’s ninth annual Industry Innovation 2018 award.
Chief Investment Officer Christopher J. Ailman was recognized as CIO of the Year, the second such honor in the past nine years. CalSTRS’ recognition in the Public Defined Benefit Plan Above $100 Billion category this year is the third such accolade over the past nine years.
Award recipients were chosen by the CIO editorial team in conjunction with an advisory board of CIOs. Mr. Ailman received the award on behalf of CalSTRS in the Asset Owners category.
“Thanks to the talent and dedication of our investments colleagues, we rode out the bull market and have been able to weather the more recent market volatility.”
Christopher J. Ailman
CalSTRS Chief Investment Officer
“This has been a challenging yet fruitful year for CalSTRS and I’m proud to represent the more-than 150 members of our Investment Branch who’ve dedicated themselves to securing the financial futures of California’s educators,” Mr. Ailman said. “Thanks to the talent and dedication of our investments colleagues, we rode out the bull market and have been able to weather the more recent market volatility. These women and men are the backbone of our $219.4 billion fund’s success.”
The CIO Industry Innovation Awards are split into two general categories: asset management/servicing and asset owners. With input from the award’s advisory board, as well as surveys and data where applicable, the CIO editorial team makes the final decisions as to finalists and eventual winners.
“Mr. Ailman is a CIO who exemplifies innovation. He’s known for new ways of investing, acting collaboratively, moving the needle when it comes to both increasing a portfolio’s value and aligning to the needs of the board, while calling for increased responsibility on behalf of managers and firms,” said CIO Managing Editor Christine Giordano. “We are proud to be able to shine a light on his acumen and many accomplishments. Chris was nominated many times by his CIO peers and is a noted leader in the industry.”
The California State Teachers’ Retirement System, with a portfolio valued at $219.4 billion as of November 30 2018, is the largest educator-only pension fund in the world. CalSTRS serves California’s more than 933,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts. A hybrid retirement system, CalSTRS administers a combined traditional defined benefit, cash balance and voluntary defined contribution plan. CalSTRS also provides disability and survivor benefits. CalSTRS members retire on average after more than 25 years of service, with a median retirement age of 62.9, and a monthly pension of approximately $4,475, which is not eligible for Social Security participation. For more data, download the CalSTRS Fast Facts 2017 brochure.
See how CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative sustainability report: Global Stewardship at Work.
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