Asset Owner Directory

California State Teachers Retirement System (CalSTRS)

The California State Teachers’ Retirement System was established by law in 1913 to provide retirement benefits to California’s public-school educators from prekindergarten through community college. Today, CalSTRS is the largest educator-only pension fund in the world, and the second largest pension fund in the U.S.

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$347

Performance (%, 1YR)

8.4

Chief Executive

Cassandra Lichnock

Chief Investment Officer

Scott Chan

Chair

Denise Bradford

Asset allocation

41.5% Public Equity

15.5% Private Equity

11.2% Fixed Income

13.9% Real Estate

6.3% Inflation Sensitive

8.4% Risk Mitigation Strategies

1.6% Innovative Strategies & Strategic Overlay

1.6% Cash

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2024. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

FIS Stanford 2024

Focus on engagement to drive faltering climate transition

As the global fight against climate change shows signs of slowing down, some large asset owners are taking a more pragmatic approach to investment returns from the transition by focusing on more targeted engagement in order to drive more lasting impact, the Fiduciary Investors Symposium has heard.

Prashant MehraSeptember 25, 2024

InFocus

‘Nothing will stop this trend’: Investing in the energy transition

The energy transition is happening; the only question is the pace at which it takes place. In assessing the investment opportunities, it helps to break the transition down into easily digestible segments. Top1000funds.com explores the opportunity set for investors, including the need to think about cross-disciplinary risks and to specialise.

Simon HoyleJune 21, 2024

Featured Story

CalPERS mulls tying climate KPIs to incentive pay

CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.

Sarah RundellApril 24, 2024

Investor Profile

CalSTRS’ sustainability strategy: Net zero and investing in opportunities

CalSTRS’ net zero strategy has provided a new level of focus and anchor for the 220-person investment team. Kirsty Jenkinson, investment director for the sustainable investment and stewardship strategies at the fund, explains its evolution including integrating climate scenarios into its asset liability modelling study.

Sarah RundellApril 16, 2024

Sustainability

Investors trying to change the world: Why climate investing is so difficult

Asset owners are preparing their portfolios for the climate transition, reducing holdings in companies with high emissions and pledging billions to climate investments. But climate proofing portfolios is proving one of the most arduous and complex challenges investors have ever faced. Top1000funds.com takes a close look at the progress.

Sarah RundellFebruary 26, 2024

Featured Story

CalSTRS’ Ailman talks GFC, climate risk and worrying levels of US debt

After 23 years in charge, CalSTRS departing CIO Chris Ailman has more stories from the investment frontline than most. He shares personal recollections of the GFC, his fears of the scale of the climate emergency and why worrying levels of US debt hold new risk and opportunity for investors.

Sarah RundellFebruary 13, 2024

View more articles

Asset Owner Directory

Fund Name	Country	AUM ($B)	Articles	More Info
Canada Pension Plan Investment Board (CPP Investments)	Canada	$470	84	View Info
Railpen Investments (RPMI)	United Kingdom	$44	21	View Info
Fonds de compensation AVS – Ausgliechfonds (CompenSwiss)	Switzerland	$46	2	View Info