The California State Teachers' Retirement System) plans to increase its exposure to environmental, social and governance (ESG) investments. The $193.2bn pension fund currently invests around $4bn of its $109bn equity portfolio’s with external ESG managers or those who use an ESG slant for their strategies. The firm, which currently manages around half of its equity portfolio in-house, is looking to hire up to 10 fund managers to run ESG strategies, as well as aiming to launch two index equity strategies and to redirect more of funds to external managers focusing on ESG strategies.
The California State Teachers’ Retirement System (CalSTRS) plans to increase its exposure to environmental, social and governance (ESG) investments. The $193.2bn pension fund currently invests around $4bn of its $109bn equity portfolio’s with external ESG managers or those who use an ESG slant for their strategies. The firm, which currently manages around half of its equity portfolio in-house, is looking to hire up to 10 fund managers to run ESG strategies, as well as aiming to launch two index equity strategies and to redirect more of funds to external managers focusing on ESG strategies.