Market Moves
CalSTRS Votes Against Record Number of Boards in 2024
The $341 billion pension giant opposed more than 2,200 boards of directors in proxy voting this year, mainly on climate risk disclosure.
Tag: CalSTRS
Pensions
CalSTRS Achieves 8.4% Return in 2024 Fiscal Year
Assets of the California teachers’ fund rose to $341.4 billion at the end of June.
Newsmakers
CalSTRS Names June Kim Senior Investment Director
Kim was formerly director of global equity.
Asset Allocation
CalSTRS Allocates $200M to Kennedy Lewis for Credit Investments
The pension behemoth will invest assets in secured lending with the debt-oriented asset manager.
Opinion
Lessons on How to Manage Major Systemic Risks
Investors’ thoughts on how system-level investing, focusing on interconnections between stressed, complex systems, can impact portfolio performance and where it can help.
How Chris Ailman Cemented a Legacy of ESG Activism
The long-serving CalSTRS CIO, who retires June 30, used the pension giant’s financial heft to press companies toward more sustainable paths.
Risk
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Asset Allocation
Institutional Investors Reaffirm Support for Climate Action 100+ Following Departures
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
Pensions
Shareholder Activist Vote Against ExxonMobil Fails
An average of 95% of votes cast support the company's board amidst a lawsuit against two shareholders over sustainability concerns.
Newsmakers
Scott Chan Named CalSTRS’ New CIO
The fund’s deputy CIO will step up to replace the long-tenured Chris Ailman.
Newsmakers
Chris Ailman Bids Farewell at Final CIO Report
The investment chief, retiring this summer after more than 24 years at CalSTRS, lists hopes and worries.
Pensions
CalSTRS to Hold Second Round CIO Interviews at the End of April
The fund expects to have a candidate named by July.
Regulation
CalSTRS Focuses on Curbing Methane in 2024 Proxy Season
The giant pension fund has a history of pushing for environment-oriented goals.
Pensions
CalSTRS to Hold CIO Interviews Next Week
The CalSTRS search committee will meet on April 11 as it continues the process of hiring a successor for CIO Chris Ailman.
Opinion
Commentary: Energy Transition Wave to Dominate Investment Landscape
A huge wave of change will create substantial risk and opportunity for institutional investors across geographies, sectors and asset classes.