Market Moves
CII Opposes Admitting Dual-Class Stock to S&P Indexes
The April scrapping of a 2017 ban cleared the way for the likes of Blackstone to join the S&P 500.
Tag: California Teachers’ Retirement System
Pensions
CalSTRS Targets Carbon Emitters, Board Diversity This Proxy Season
The pension giant announces it will vote against the biggest polluters and all boards that have no women members.
Pensions
Global Pension Funds Fall Short of Private Equity Targets in Q1
CalPERS had the largest under-allocation, missing its target by more than $11.3 billion.
Asset Allocation
How Some Asset Owners and Managers are Using Technology to Gain Portfolio Insights
Technology, with human involvement, can improve efficiency and enable innovation in portfolio management, sources say.
Asset Allocation
CalSTRS Loses 1.3% in Fiscal Year 2022
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.
Risk
CFA Signs Up 40 Firms to Follow Its Diversity, Equity and Inclusion Code
Verus Advisory is the latest to join the group of signatories, which so far represent $17 trillion in assets.
Risk
CalSTRS Votes on Record Number of Shareholder Proposals
The $315 billion pension fund has voted on more than 1,000 shareholder proposals during the 2022 proxy season, many of them climate-related.
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Newsmakers
CalSTRS New Headquarters Construction Delayed
The setback is expected to cost the pension between $15 million to $21 million.
Newsmakers
CalSTRS Expected to Hit Full Funding Five Years Ahead of Schedule
This year’s returns were great, but the pension has been struggling with its funded level for two decades.
Newsmakers
CalSTRS CIO Set to Receive $1.1 Million Bonus
Chris Ailman is up for a bonus that’s nearly twice his base pay for leading the pension to a 27.2% return.
Pensions
CalSTRS Earns Record Annual Return of 27.2%
Private and public equity gains of 51.9% and 41.8% boosted the fund’s asset value to $308.6 billion.
Pensions
CalSTRS Aims for New $2 Billion Sustainable Portfolio
Pension plan officials believe they can build a new private markets allocation without sacrificing investment targets.
Asset Management Culture
Veteran Series: Chris Ailman—‘A World Class Asset Manager’
Two decades into his tenure, the investment chief continues to lead US public pension funds into the future.
Asset Allocation
CalSTRS Allocates $1 Billion to Direct Lending Firm Owl Rock Capital
The mandate includes opportunistic credit and diversified lending strategies.