CalSTRS commits $750 million to three sustainable investment fund managers



ImpactAlpha, July 10 – The California State Teachers’ Retirement System (CalSTRS), a $226 billion pension fund, is divvying up $750 million of its $6 billion sustainable investment commitments among three sustainability-focused equity investment managers.

The managers include Hermes Asset Management, Impax Asset Management and Schroders. CalSTRS is already working with Generation Investment Management, AGF Investments and activist investors like Jana Partners and Impactive Capital.

Impax Asset Management separately announced that it will manage $200 million of the allocation through its Impax Leaders strategy, which eliminates fossil fuels and seeks equities supporting resource efficiency.

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