Why Bother With Active Management When Mechanistic Passive Does Best Historically?
You want a helping of alpha along with beta-hugging index funds? We asked some shrewd allocators how they get it.
Tag: CalSTRS
Corporate Moves
Pension Fund Investment Portfolios Thrive During Pandemic
Many of the world’s largest institutional investors report over 20% gains despite the economic impact of COVID-19.
Alternatives
Private Equity Powers Record-Breaking Pension Returns
The asset class has outperformed even public equities for many institutional investor portfolios.
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.
Commodities Rise: New Supercycle or Just a Temporary Blip?
Many institutions, wary of the asset class’s notorious volatility, keep their exposure low despite raw material price climbs.
The Exxon Vote: Pension Supporters Stay Onboard to Advance Change
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
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.
Milton Friedman, Ha! ESG Sentiment Won’t Ruin Companies Long Term
That’s the argument from our symposium panelists, who say sustainability boosts stocks both now and into the future.
Europe’s Venture Capital Finally Flowers, Luring Institutional Investors
Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.
How to Invest in Growth Leader China and Promising Distant Rival India
CPPIB and CalSTRS are among the many institutions that have put money into the expanding Asian economic powers.
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.
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.
CalSTRS Lambasts Exxon’s Red Ink and Carbon Capture Venture
The oil giant shows that it needs fresh faces in its boardroom, says the pension fund.
Risk
Institutional Investors Demand Political Transparency from BlackRock
State treasurers and public pension funds say they fear an erosion of political stability after the attack on US Capitol.
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.