CalSTRS

Investor Profile

Back to basics as CalSTRS rethinks active/passive mix

The board of CalSTRS, the second biggest fund in the US, has three broad research initiatives for the investment team this year: rethinking active versus passive and the mix of internal and external management; commodities; and liability – driven investments. Chief investment officer, Chris Ailman, spoke to Amanda White.

Amanda WhiteJuly 15, 2009

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CalSTRS’ proxy proposals effect carbon disclosure change

The $122.4 billion California State Teachers’ Retirement System (CalSTRS) has withdrawn five of the seven climate-related shareholder resolutions filed during the 2009 proxy season after the companies pledged to improve their greenhouse gas disclosure.

STAFF WRITERJuly 1, 2009

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CalSTRS makes allocation changes at expense of equities

In the nine months to March 2009, the $111.6 billion US fund, CalSTRS has vastly altered its asset allocation, decreasing its equities allocation, with global equities now 6.8 per cent underweight the target allocation.

Amanda WhiteApril 29, 2009

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US funds rally against corporate mergers

The two largest state public pension funds in the US – the California Public Employees’ Retirement Sysrtem (CalPERS) and the California State Teachers Retirement System (CalSTRS) – have filed a joint motion with the US District Court, Southern District of New York, to be designated lead plaintiff in class actions against Bank of America stemming […]

Amanda WhiteMarch 25, 2009

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CalSTRS to vote on tactical asset shift, new “innovation portfolio”

The US$161 billion California State Teachers’ Retirement System (CalSTRS) is set to vote next week on a proposal which would see $6 billion tactically invested in the debt markets, as well as the conception of a new “innovation portfolio”.

Amanda WhiteFebruary 25, 2009