As I mentioned previously, the $225 billion California State Teachers’ Retirement System (CalSTRS) made the decision to take dollars from their large cap equity managers and give them to eight money managers who are focused on Environmental, Social and Governance (ESG) issues.  CalSTRS decided not to fund these eight managers immediately but rather up to $1 billion would come, when “the right investment opportunity” arrives.

CalSTRS has finally released the names of the selected managers and their strategies.  They are as follows:

Impax Asset Management – Impax Leaders
Impax AM — Impax Water
Generation Asset Management — Asia Fund
Brown Advisory — Large-Cap Sustainable Growth
Schroders — International Equity
Nordea — Emerging Stars Equity
Hermes Investment Management — Global Emerging Markets ESG
Candriam — Sustainable World Equities
Rockefeller — Global Sustainability and Impact Equity

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