Where CalSTRS’ Scott Chan Sees Opportunities
The California teachers’ new investment chief discusses returns, AI and future opportunities for the fund.
Tag: California
Pensions
Fresno Retirement Systems Announce 10.37% Pension Return
The fund outpaced its 9.89% benchmark with strong stock returns.
Pensions
San Bernardino County Pension Announces Preliminary 9.3% Return in Fiscal 2024
The assets of SBCERA grew to $15.2 billion.
Pensions
CalSTRS Achieves 8.4% Return in 2024 Fiscal Year
Assets of the California teachers’ fund rose to $341.4 billion at the end of June.
Newsmakers
The California Endowment Appoints Kelli Washington as New CIO
The new investment chief of the $4 billion endowment comes from Cleveland Clinic.
Regulation
California Law Aims for More Equitable Distribution of VC Funding
SB 54 will take effect in March 2025 and will require annual diversity reporting, with a goal of increasing the capital available to venture capital firms owned by women and minorities.
Newsmakers
CalSTRS Plans to Redefine ‘Diverse Managers’ and ‘Emerging Managers,’ in Accordance With New California Law
The investment committee will vote on whether to approve the recommendation at tomorrow’s board meeting.
Newsmakers
Who Are the New Candidates for CalPERS’ Spring 2022 Special Board Election?
One candidate has a background in tax assessment, while the other comes from public transit.
Corporate Moves
CalSTRS Appoints First Female CEO: Cassandra Lichnock
She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.
Asset Management Culture
CalSavers Survives Legal Challenge
Appellate court rules ERISA doesn’t pre-empt the California law that created the state-managed IRA program.
Newsmakers
State Employee Retirements at CalPERS Jump 15% in 2020
The pension system says the spike was ‘predicted’ and figured into planning for the $389 billion fund.
Asset Management Culture
CalPERS Not Ready to Pick CIO
Several finalists have been interviewed for the top spot, but an expected January decision has been delayed.
Is Hydrogen the Great Renewable Hope?
Institutional investors are wary of betting on the gas until it proves itself, as the technology is nascent. But its stocks are surging anyway.
Asset Management Culture
New CalPERS CIO Could See $2.4 Million Payout
That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.
Asset Allocation
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.