CalSTRS Reports & Surveys - CalSTRS.com ... Former Investment Officer in West Sacramento, CA, California. retirement system. The California State Teachers Retirement System (CalSTRS) is the 2nd largest public pension fund in the US. The Committee’s direction to staff to delineate the capitalized costs at the November 2015 meeting has proven to be a helpful exercise. The CalSTRS Board voted to divest its U.S. thermal coal holdings in February 2016. CalSTRS released its 2019–20 Sustainability Report in March 2021. 2015 report which found that the “failure to consider all long-term investment value drivers, including ESG issues, is a failure of fiduciary duty”. We acknowledge that there may be other views concerning the Legislature's intent about details of the CalSTRS funding plan. Securing the financial future and sustaining the trust of California’s educators CalSTRS Sustainable Investment and Stewardship Strategies program is focused on the following strategic objectives: Path to net zero. But it does cover CalPERS, CalSTRS and the 20 independent county retirement systems operating under a 1937 law. CalSTRS Divestment Campaign. The Five-System Asset Allocation Chart That means replacing money from investment losses will take an even bigger bite of government payrolls. Final Filing Date: 3/5/2022. The California State Teachers Retirement System (CalSTRS) is the 2nd largest public pension fund in the US. This report is submitted in compliance with the direction of the following statutes: Investment Committee – Item 7 February 3, 2016 INV26 AS OF NOVEMBER 30, 2015 CALSTRS INVESTMENT C OMMITTEE RISK REPORT Special Analysis: Climate change, demographics and political instability The effect of climate change on economic, social and political factors is comp lex. While CONCLUSION This report is divided into three sections. A Review of the CalSTRS Funding Plan Conclusion. Political Contributions by Certain Investment Advisers File Number S7-18-09 . The report said the pension fund established a new investment belief affirming that public policies, technologies and physical impacts associated with climate change are driving the transition to a low-carbon economy. The 2016-2017 Sustainability Report can be accessed on CalSTRS.com. The funds are continuously monitored to ensure that they meet the performance standards of CalSTRS and any fund that does not will be placed on the investment watch list.If the fund continues to underperform, a new fund will be selected as a replacement. The CalSTRS staff continues to work remotely. Real estate, however, showed a 9.2% gain, while private equity investments rose 5.9% and fixed-income bonds were up 7.3%. The plan aims to fully fund CalSTRS by the mid-2040s. Investment Support Analyst. CalSTRS assets are $186 billion as of December 31, 2015 4. The … Investment reports reveal fund’s long-term growth CalSTRS’ semi-annual investment performance reports provide timely updates to the board and aid the Investment Committee in overseeing the Teachers’ Retirement Fund. Executive compensation. The Committee heard the Annual Investment Cost Report. The typical CalSTRS Investment Officer salary is $102,350 per year. CalSTRS Chief Investment Officer Christopher J. Ailman describes a new approach to investment strategy: the collaborative model. Last year, CalSTRS’ investment costs rose 11 percent According to the report, much of that — 8 percent — could be attributed to paying … The Committee voted for CalSTRS to divest in thermal coal. Parking garage, on-site cafe, employee gym. The CalSTRS investment reports summarize the fund’s investments and CalSTRS actions as they relate to specific investments and holdings. We offer several short- … Unless otherwise specified, meetings will be held at the following location: Web Conference. CalSTRS is also looking to boost its industrial real estate exposure through a $400m commitment to the CBRE US Logistics Partners and a $300m investment in CBRE Asia Value Partners Fund VI. The Committee adopted the Policy of a Risk Mitigating Strategy Investment Class, and staff will return with details later. 2 California State Teachers’ Retirement System Green Initiative Task Force Interim Report for Period Ending December 31, 2020 Calstrs, which managed $327.6 billion at the end of last year, backed activist investor Engine No. CalSTRS staff provides regular updates on the administration of the pension system and the investment of assets to the TRB and its five committees. One nondiscretionary real estate commitment was also listed in the report, $125 million to PCCP Credit IX, managed by Pacific Coast Capital Partners. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of … Recessions can last for years not months 3. Investment Costs in Dollars. The CalSTRS Board approved additional funding of $18,500,000 to complete the Headquarters Expansion project.Project completion is scheduled for January 31, 2023. CONTENTS. Report this job. consultant (a summary of each asset class), Real Estate and Private CalSTRS business and investment decisions consider environmental, social and governance implications, also referred to as ESG issues. A recent paper suggests that Expands the CalSTRS Collaborative Model, an investment strategy to reduce costs, control risks and increase expected returns by managing more assets internally and leveraging external partnerships. CalSTRS views climate change as a significant risk faced by investors and recognizes that society is transitioning away from fossil fuels and toward renewable energy sources. CalSTRS also listed one other real estate co-investment in its semiannual report, $100 million in core real estate with TCI Real Estate Partners. Investment Reports . The fund will focus its diversity efforts on three primary areas: internal staff, the investment industry, and corporate boards. All investment categories performed above their benchmarks. | The California State Teachers’ Retirement System is the largest educator-only pension fund in the world. Our mission. Final Filing Date: 3/25/2022. CalSTRS committed a total of $3.7 billion to private equity funds and co-investments in the second half of 2021, according to a report by its private equity consultant Meketa Investment Group. Unfortunately, CalSTRS remains invested in the fossil fuel polluters who are threatening our health and futures. Job Description And Duties. Should CalSTRS decide to pursue an investment strategy, we recommend a more comprehensive analysis of a broader and deeper range of data.” After a lengthy discussion, the Investment Committee directed Staff and the AI Advisor to develop an implementation plan for investing in underserved urban and rural markets. Chapter 47 of 2014 (AB 1469, Bonta) increases contributions to CalSTRS made by the state, school and community college districts (referred to as districts in this report), and teachers. CalStrs was a good place to work. By Pat Geyer, CalRTA Representative to CalSTRS . 11/1/2019 1. However, they and CALPERS have mixed political and return goals and push fairly invasive ESG and other non-return-based requirements at a tactical level around use of union employees, businesses owned by minorities, environmental standards, governance, etc, that in de-prioritizing return and reducing the competitive set for … The California State Teachers’ Retirement System (CalSTRS) has released its 2020-2021 Sustainability Report, outlining its investment-return progress as well as its transition to net zero, among other updates. Calstrs reshaping portfolio for net zero, steps up diversity efforts. CalSTRS had nine investment beliefs. According to CalSTRS’ most recent actuarial valuation, for the period ending June 30, 2019, the program has reached 66 percent funded status and actuaries project achieving 99.9 percent funded status by 2046. The funding plan is in effect through June 30, 2046, after which point the pre‑funding plan provisions would return. 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