Manager Selection
CalSTRS Promotes 2 to Senior Investment Director Roles
Geraldine Jimenez will be responsible for public markets, while Mike DiRe will oversee private markets.
Tag: CalSTRS
Is Big Oil’s Renewable Energy Push Credible—and Good for Investors?
Exxon and its kin were laggard stocks for a long time, but now they enjoy flush revenue and strong share prices. The bet: Their clean fuels may give them better stability.
Pensions
CalSTRS Reports Saving More Than $1.2 Billion in Portfolio Costs Since 2017
The California State Teachers’ Retirement System reports that its Collaborative Model, an investment strategy that seeks to reduce costs, control risks and increase expected returns, cut operational costs by $437 million in 2021.
So Are ESG Investments Lousy, or Not?
Governor Ron DeSantis and other GOP pols seek to stamp out sustainability-minded investing, charging that it delivers poor results.
Asset Allocation
CalSTRS Moves to Lower Holdings of Carbon Emitters
Pension fund wants to halve its investment exposure to them by 2030.
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.
Newsmakers
Ideas for Building Strong Investment Teams
Experts discussed their views of what maintaining a positive culture looks like, including how to recognize team success and how to incorporate DE&I initiatives during CIO's latest webinar.
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.
Will US Allocators Stay the Course on Chinese Investments?
China’s drawbacks are prompting some hard thinking among American institutions, but the country’s allure remains potent.
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.
New York Pension Plans Launch Fight to Dislodge 2 Amazon Directors
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
Shareholders File More ESG Proposals Than Ever Ahead of This Proxy Season
Company diversity and climate change are the biggest issues for investors this year.
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.
Asset Allocation
Here Are the Biggest Trades that CalPERS and CalSTRS Made in Q4
Both pensions are keen on Microchip Technology Inc.
Newsmakers
High Inflation Leads to Expensive Cost-of-Living Adjustments for CalPERS and Others
This will be CalPERS’ biggest increase in pension payments in 32 years.