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. “While the state is investing in a wide range of environmental investments, we are also looking at how our investments can be aligned more closely with what we’re doing on behalf of California’s children,” said
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.