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News releases

 Read current and past CalSTRS news releases.

    CalSTRS Investment Fund Performance bar chart

    CalSTRS reports 27.2% net investment return for fiscal year 2020–21

    WEST SACRAMENTO, Calif. (July 26, 2021) — The California State Teachers’ Retirement System (CalSTRS) today announced a 27.2% net return on investments for the 2020–21 fiscal year, a record high that far exceeded the investment assumption of 7.0%. Growth was driven by strong performance across all markets, despite the global pandemic. As of June 30, 2021, the total fund value was $308.6 billion—double the value from just 10 years ago.

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    CEO Cassandra Lichnock has long brown hair and wears a gray blazer.

    Cassandra Lichnock announced as new CalSTRS CEO

    WEST SACRAMENTO, Calif. (May 19, 2021) – The Teachers’ Retirement Board (Board) announced the appointment of Cassandra Lichnock as the new chief executive officer of the California State Teachers’ Retirement System (CalSTRS). CalSTRS is the world’s largest educator-only pension fund, with a 75% female membership. Lichnock will serve as the fund’s first female CEO, an important milestone demonstrating the Board’s commitment to diversity and inclusion. Her first day as CEO will be July 1, 2021.

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    CalSTRS announces new low-carbon transition readiness investment in global equity markets

    WEST SACRAMENTO, Calif. (April 9, 2021) – The California State Teachers’ Retirement System (CalSTRS) today announced its investment in two new low-carbon transition readiness exchange-traded funds (ETF). The BlackRock U.S. Carbon Transition Readiness ETF and the BlackRock World ex U.S. Carbon Transition Readiness ETF began trading yesterday and are one of the largest ETF launches in history. These ETFs address market risks and opportunities associated with the global transition to a low-carbon economy while also closely tracking the performance of the broad equity market.

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    Portfolio Manager Aeisha Mastagni has long, red hair and wears a blue sweater..

    Mastagni elected to Council of Institutional Investors’ board of directors

    WEST SACRAMENTO, Calif. (March 16, 2021) – The California State Teachers’ Retirement System (CalSTRS) today announced that portfolio manager Aeisha Mastagni was elected to the board of directors for the Council of Institutional Investors (CII). Mastagni, who works in CalSTRS’ Sustainable Investment and Stewardship Strategies (SISS) unit, also served on the CII board of directors from 2015—2019. She was also elected as co-chair for the public fund constituency.

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    Public Affairs Executive Teresa Schilling has brown hair, wears a blue shirt and pearls.

    CalSTRS appoints Teresa Schilling as Chief Public Affairs Officer

    WEST SACRAMENTO, Calif. (January 21, 2021) – The California State Teachers’ Retirement System, the world’s largest educator-only pension fund, announced the appointment of Teresa Schilling as Chief Public Affairs Officer effective January 25. Schilling will provide strategic leadership and guidance to the Teachers’ Retirement Board, executives and the CalSTRS organization on policy, communications and stakeholder programs and issues. Her position reports directly to CalSTRS Chief Operating Officer Cassandra Lichnock.

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    Lamont King wears a gray blazer and red tie.

    Lamont King appointed assistant general counsel for Investments

    WEST SACRAMENTO, Calif. (January 5, 2021) – Lamont King was appointed Assistant General Counsel for Investments for the California State Teachers’ Retirement System effective December 14, 2020. In his new role, King heads the Investment Counsel division in the Office of the General Counsel. King began his career with CalSTRS in 2010 as one of two specialized counsels on the investment-focused legal team and rose to senior investment counsel in 2013. He has served in a lead capacity in that role for the past two years.

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    CalSTRS supports California Climate Investment Framework

    WEST SACRAMENTO, Calif. (September 24, 2020) – CalSTRS worked closely with the Department of Finance in the development of the California Climate Investment Framework. We are pleased that the Governor and the Framework recognize CalSTRS’ leadership in sustainable investing. The report reflects the high importance we place on managing climate risks and seeking opportunities to invest in climate solutions. CalSTRS’ legacy of climate reporting preceded and currently exceeds the requirements of SB 964. We will continue to lead in helping the state of California achieve its climate goals through the implementation of the Climate Investment Framework, and the CalSTRS Low-Carbon Transition Work Plan.

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    Sustainable Investments Director Kirsty Jenkinson has short blonde hair, wears a blue shirt.

    CalSTRS head of Sustainable Investment and Stewardship Strategies, Kirsty Jenkinson, selected in the NextGen Class of 2020

    WEST SACRAMENTO, Calif. (July 13, 2020) – The California State Teachers’ Retirement System today announced that their Sustainable Investment and Stewardship Strategies (SISS) Investment Director, Kirsty Jenkinson, was selected as one of Chief Investment Officer Magazine’s Class of 2020 NextGen investors. Jenkinson leads a portfolio of $6.3 billion and is also responsible for overseeing CalSTRS’ stewardship activities, including the system’s corporate engagement and proxy voting activities, and managing strategic relationships with key stakeholders, the media and the broader investment industry.

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    Former CalSTRS CEO Jack Ehnes

    CEO Jack Ehnes postpones retirement

    WEST SACRAMENTO, Calif. (March 20, 2020) – At the request of the Teachers’ Retirement Board, CalSTRS Chief Executive Officer Jack Ehnes will continue to serve as CEO through June 30, 2021. Ehnes previously announced an earlier retirement date at the March 2020 board meeting. His June 2021 retirement will allow the board to postpone the executive search for a new CEO to ensure the most thorough and competitive process possible. This decision will enable CalSTRS to maintain focus on appropriately responding to the coronavirus crisis and securing the financial future of California’s educators.

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