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Administration October 7, 2006
CalSTRS Announces All Time Asset High
July 22, 2005 (PLANSPONSOR.com) - The California
State Teachers' Retirement System (CalSTRS) announced its
third straight year of positive performance and an all time
high for total assets of $128.9 billion on June 30, 2005,
according to a CalSTRS news release.
Reported by Rebecca Moore
All five of the fund’s asset classes realized positive returns for the year ended June 30, 2005. For example, the US Equity portfolio posted an 8.3% return, beating the overall market return, 7.8%, as measured by the CalSTRS benchmark, the Russell 3000 ex tobacco Index. Meanwhile, non-US Equity posted a 16.5% return, down only three-tenths of a percent from its benchmark. At 7.14%, the Fixed Income portfolio edged its benchmark slightly, with the benchmark coming in at 7.08%. The Alternative Investments portfolio posted a return of 24.9%, more than 18% above its benchmark.
Christopher Ailman, CalSTRS Chief Investment Officer said beating the benchmarks for returns for the past three years has added $600 million a year to the fund’s bottom line.
CalSTRS is the third largest public pension fund in the US, with more than 755,000 members.