News release Michael Sicilia

CalSTRS Selected as a Best Place to Work in Money Management
This is the third time, in the award’s six year history, that CalSTRS work culture has been recognized

WEST SACRAMENTO, Calif. (Dec. 12, 2017) – The California State Teachers’ Retirement System today announced that Pensions & Investments magazine has named it a Best Place to Work in Money Management for 2017. This year’s honor is the third CalSTRS has garnered—the only public pension plan to do so.

Pensions & Investments, a global news source for money management, created the survey and award program, which is dedicated to identifying and recognizing the best employers in the money management industry.

“This recognition reflects all the hard work our board, staff and leadership have done. We employ the best investment officers in the country.”

Christopher J. Ailman
Chief Investment Officer

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“This recognition reflects all the hard work our board, staff and leadership have done. We employ the best investment officers in the country,” said CalSTRS Chief Investment Officer Christopher J. Ailman. “Our people and our culture demonstrably produce some of the best results in terms of low cost, efficient investment performance, among all large U.S. pension plans. Our 160 Investments Branch staff are among the most valuable assets in CalSTRS and this award validates our team effort.”

“We balance the demands of managing a huge pool of assets in a global financial system with those of our employees’ work and life realities,” Mr. Ailman added. “The fact that we accomplish this at a high level within a governmental structure is indicative of the grit and ingenuity of our leadership and Investments staff.”

Mr. Ailman firmly believes that recruiting and retaining top talent requires providing stimulating work and a closely knit culture. Senior investment leadership is 55 percent female. Opportunities at CalSTRS Investments continue to grow as more assets are managed in-house and an Innovation Unit continues to explore new investment strategies. CalSTRS is also implementing an asset allocation strategy that moves more assets from a home-country bias to a more global orientation.

“We appreciate Pensions & Investments’ recognition of the strength that embracing a diversity of ideas and people has had on our work environment.”

Christopher J. Ailman
Chief Investment Officer

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“We appreciate Pensions & Investments’ recognition of the strength that embracing a diversity of ideas and people has had on our work environment,” Mr. Ailman added.

Pensions & Investments worked with Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process for employers and their employees.

The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process comprises approximately 25 percent of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process comprised approximately 75 percent of the total evaluation. Combined scores determined the top companies.

About CalSTRS

The California State Teachers’ Retirement System, with a portfolio valued at $219.6 billion as of October 31, 2017, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans. CalSTRS also provides disability and survivor benefits. CalSTRS serves California’s more than 914,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts.

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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