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.


United States



Performance (%, 1YR)


Chief Executive

Cassandra Lichnock

Chief Investment Officer

Chris Ailman


Harry M. Keiley

Asset allocation
The key goal of the asset allocation process is to develop an asset allocation policy that maximizes the likelihood that an investment portfolio’s assets will, over the planning horizon, fund plan benefits.

38.4% Public Equity

16.3% Real estate

15.7% Private Equity

10.5% Fixed Income

10.3% Risk mitigating strategies

5.4% Inflation sensitive

2.1% Cash

1.1% Innovative strategies

0.2% Strategic overlay related articles
Investor Profile

CalSTRS’ Ailman on why funds need to go big or go home

The $298 billion California State Teachers’ Retirement System (CalSTRS) has struggled to find meaningful investment opportunities to protect its portfolio against inflation, highlighting one of the key challenges funds potentially face as they grow, according to the fund’s chief investment officer Chris Ailman.
Asset Owner Directory
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