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.
Tag: CalSTRS
Regulation
Institutional Investors Call for Workplace Disability Inclusion
Only 29% of working age Americans with disabilities are employed.
Newsmakers
CalSTRS and Illinois Treasury Officials Win Prestigious Fellowships
June Kim and Rodrigo Garcia join 20 other finance professionals in Aspen Institute program.
CalSTRS Stresses the ‘Importance of Acting Quickly’ to Maintain Funding Progress
Update on the pension’s 2014 funding plan illustrates the risks, rewards, and strategies to be aware of.
Newsmakers
CalSTRS Expected to Support Carbon Pricing
Plan will look at corporations’ policies on the issue as it examines their sustainability policies.
California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
Newsmakers
CalSTRS Tackles Opioid Crisis
The pension plan is challenging opioid manufacturers, distributors, and pharmacy chains as part of its corporate engagement program.
Newsmakers
CalSTRS Expanding Green Investment Efforts
CalSTRS’s annual green report goes beyond the pension’s efforts to offer a bleak picture of global plans to deal with climate change.
CalSTRS 2018 Calendar Year Results Are in Negative Territory
Strong equity market performance in January 2019 helped partly reverse course.
CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
CalSTRS Wants to Double Co-Investments
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.
CalSTRS Board Approves $300 Million Campus Expansion
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.
CalSTRS Funding Report Offers Hope for the Future
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
Newsmakers
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
CalSTRS Details $4.7 Billion Private Equity and Real Estate Commitments
A total of 25 managers received 26 commitments in the last half of the 2017-2018 fiscal year.