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.
Tag: CalSTRS
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.
Regulation
Allocators Condemn UK Regulator’s Plan to Limit Investor Approvals
As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
Pensions
CalSTRS Begins Search for Next CIO
A job posting lists requirements for Chris Ailman’s successor.
Market Drilldown
How to Navigate Energy Transition Risks
The amount of investment needed for this enormous task is $4 trillion yearly, but the effort is gearing up now.
Pensions
CalSTRS Board Approves Plan to Increase Portfolio Leverage up to 10%
The pension fund would be able to borrow as much as $30 billion to mitigate potential market downturns.
Asset Allocation
Private Credit’s Rise: You Ain’t Seen Nothin’ Yet
Consulting firm Oliver Wyman predicts even greater use of this category of debt.
Newsmakers
Chris Ailman Wins CIO’s 2023 Lifetime Achievement Award
The CalSTRS investment chief, a masterful financial strategist and well-regarded collaborator with peers, receives the honor at CIO’s Industry Innovation Awards.
Risk
Weak Companies’ Low-Yielding Bonds Set to Hit Maturity Wall
Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.
Asset Allocation
CalPERS’ Private Equity Allocation Remains Nearly $7B Under Target in Q3
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
Pensions
Pension Giants Lost $3T in 2022, Steepest Drop in 20 Years
Despite losses, the 300 largest funds’ share of global pension assets rose to 43% in 2021.
Newsmakers
CalSTRS Promotes Julie Donegan to Real Estate Investment Director
Previously a portfolio manager, Donegan is the system’s first woman to hold the position.
Pensions
CalSTRS Punishes Directors at More Than 2,000 Firms for Weak Climate Risk Disclosure
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.