Program will leverage fund’s collaborative model for the total portfolio, says deputy CIO.
Hundreds of millions in cost savings could be at stake, but building additional external capabilities won’t be easy.
June Kim and Rodrigo Garcia join 20 other finance professionals in Aspen Institute program.
Strong equity market performance in January 2019 helped partly reverse course.
Chris Ailman calls for new name that better reflects ESG focus.
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
A second office tower is aimed to attract and accommodate new investment staff, part of a strategy to manage more of the plan’s assets in-house.
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.