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.

40.3% Public Equity

16.2% Real Estate

15.5% Private Equity

10.1% Fixed Income

8.8% Risk Mitigating Strategies

6.1% Inflation Sensitive

1.5% Cash

8.8% Innovative Strategies & Strategic Overlay related articles

‘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. explores the opportunity set for investors, including the need to think about cross-disciplinary risks and to specialise.
Asset Owner Directory