Regulation
CalSTRS Says SEC Proposal Weakens Corporate Accountability
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’
Tag: CalSTRS
Asset Allocation
Green Coalition: Pension Plans Miss Billions by Not Divesting from Fossil Fuels
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.
Asset Allocation
ESG Funding Skyrocketed in 2018
BlackRock and Vanguard continue to grow socially conscious investment vehicles.
Retirement Funds Are in the Crosshairs of US-China Conflict
Across-the-board portfolio limits on investing in Chinese firms will harm the US, say critics.
How Asset Balancing Has Gotten More Complex
Bring on the exotica: Public pension plans are going lighter on stocks and bonds, as their alt ownership has almost quadrupled.
Risk
California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities
Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.
CalSTRS Investment Staff Wants Stock Reductions
The volatility of equity markets means CalSTRS staff wants to be less dependent on stock investments.
Newsmakers
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Investors Are Seeking More Support for Private Equity Co-investments
The uptick in outsourced co-investment platforms is part of ‘the next generation of thoughtful portfolio construction.’
Asset Allocation
CalSTRS Takes a Look at Other Allocation Options
Pension identifies six potential asset allocations for $236.9 billion portfolio.
With 6.8% Return, CalSTRS Narrowly Misses Target
Private equity is bright spot as market volatility impacts annual returns.
Newsmakers
CalSTRS CIO Says Trump Tweets are a ‘Key Market Risk’ to Monitor
Despite the present ‘Goldilocks’ economy, Christopher Ailman is keeping a sharp eye on the president’s Twitter page.
Newsmakers
CalSTRS Teams Up with Pope Francis on Climate Action
Significant strides expected to decelerate climate change consequences as major oil, gas companies join accord.
Corporate Moves
Geraldine Jimenez to Run CalSTRS’s New Risk and Strategy Unit
Program will leverage fund’s collaborative model for the total portfolio, says deputy CIO.
CalSTRS Wants to Increase Internal Management
Hundreds of millions in cost savings could be at stake, but building additional external capabilities won’t be easy.