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News releases

 Read current and past CalSTRS news releases.

    CalSTRS CIO Christopher Ailman smiles, wears a dark suit jacket and blue tie.

    CalSTRS CIO Christopher J. Ailman announces retirement

    WEST SACRAMENTO, Calif. (January 11, 2024) – Christopher Ailman, chief investment officer of the California State Teachers' Retirement System, announced his retirement at the Teachers' Retirement Board Investment Committee meeting. He will continue to serve as CIO through June 30, 2024, while the board conducts a global search for his successor. Ailman has served as the CalSTRS CIO since October 2000. He is one of the longest-tenured CIOs in the world.

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    CalSTRS escalates efforts to hold global companies accountable for not adequately disclosing climate change risks; votes against 2,035 boards of directors in proxy season 2023

    WEST SACRAMENTO, Calif. (August 10, 2023) – For the 2023 proxy season, the California State Teachers’ Retirement System—the world’s largest educator-only pension fund with more than $315 billion in assets—stepped up its efforts to hold companies around the globe accountable for failing to address climate change risks: CalSTRS voted against the boards of directors at a record 2,035 global companies because they did not provide necessary climate risk disclosures.

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    Net zero pledge, climate change and board diversity highlight CalSTRS’ priorities for proxy season 2023

    WEST SACRAMENTO, Calif. (April 17, 2023) – As peak proxy voting season kicks off, the California State Teachers’ Retirement System, the world’s largest educator-only pension fund with more than $300 billion in assets, is taking stronger action against corporate boards that fail to demonstrate their commitment to appropriately managing and addressing sustainable business practices. With many global companies holding their annual general meetings in the weeks ahead, a key priority for CalSTRS is enhancing its strategy to address the risks climate change poses to its global portfolio.

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    Bar chart showing CalSTRS investment fund performance, long-term, historical perspective as of June 30, 2022

    CalSTRS finishes with -1.3% return, beats total fund benchmark in volatile fiscal year 2021–22

    WEST SACRAMENTO, Calif. (July 29, 2022) – The California State Teachers’ Retirement System (CalSTRS) today announced a -1.3% net return on investments for the 2021–22 fiscal year, ending with the total fund value at $301.6 billion as of June 30, 2022. The 2021–22 return, CalSTRS’ first negative return since 2009, reflects the ongoing volatility of global financial markets impacted by inflation, rising interest rates, the COVID-19 pandemic and the war in Ukraine.

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    CalSTRS advances net zero progress, climate change action and human capital management during proxy season

    WEST SACRAMENTO, Calif. (June 29, 2022) – The California State Teachers’ Retirement System has taken action on a record number of shareholder proposals and board elections during the 2022 proxy season to hold corporations accountable on climate change and human capital management, including workforce diversity, racial equity audits, and the election of more diverse boards of directors.

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    CalSTRS will escalate proxy votes to achieve board diversity, net zero progress and climate change action

    WEST SACRAMENTO, Calif. (March 30, 2022) – The California State Teachers’ Retirement System is implementing a new, more robust approach to corporate engagement for the 2022 proxy season. The new engagement strategy focuses on opposing the election of directors in companies that have moved too slowly to achieve greater board diversity or significantly address climate change. CalSTRS will also directly support shareholder proposals that promote further progress in reaching global net zero goals that align with the United Nations’ Race to Zero campaign and principles of the Paris Agreement.

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