CalSTRS to Hold Second Round CIO Interviews at the End of April

The California Teachers’ Retirement System will host a second round of interviews for its CIO position next week, April 30, according to the pension fund’s board meeting calendar. CalSTRS has said it hopes to announce a candidate to replace longtime CIO Chris Ailman sometime before July.

The fund has narrowed its search to two finalist candidates, a spokesperson for CalSTRS told CIO. The teachers’ retirement system board’s search committee will interview both finalists next week.

Ailman, who has been CIO of CalSTRS for more than 20 years, will step down from his position at the end of June but will remain in an advisory role to his successor until the end of 2024. Ailman has said that after he leaves CalSTRS he plans to continue his work advising asset managers on the energy transition.

CalSTRS managed $336.2 billion in assets as of March 31, 2024, for nearly one million beneficiaries.