Chris Ailman – CalSTRS’ Venerable CIO (Capital Allocators, EP.86)

<p>Chris Ailman is the chief investment officer of the $220 billion pool for California State Teachers' Retirement System (CalSTRS). He joined CalSTRS back in 2000 after 4 years as CIO of the Washington State Investment Board and 11 years as CIO of the Sacramento Country Employees Retirement System.  Chris is a legend in the business and the list of accolades for his work is longer that the list of my podcast episodes.</p> <p>Our conversation dives in with the flawed business model of government running a money management firm, looming retirement crisis, and challenges of governance and communication with a rotating Board.  We then turn to the inner workings CalSTRS, including the use of internal and external managers, managing a long-term asset allocation cruise ship, inflation sensitive investments, risk mitigating strategies, private equity for a huge pool of capital, the innovation lab, ES and G, and building influence among large asset owners.</p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 19.0px; font: 16.0px Georgia; color: #262626; -webkit-text-stroke: #262626;"> <span style="font-kerning: none;"><u><strong>Learn More</strong></u></span></p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 14.0px; font: 12.0px Times; color: #000000; -webkit-text-stroke: #000000; min-height: 12.0px;">  </p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 19.0px; font: 16.0px Georgia; color: #6b006d; -webkit-text-stroke: #6b006d;"> <span style="font-kerning: none;"><a href= "http://capitalallocatorspodcast.com/transcripts"><u>Discuss show and Read the Transcript</u></a></span></p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 14.0px; font: 12.0px Times; color: #000000; -webkit-text-stroke: #000000; min-height: 12.0px;">  </p> <p style= "margin: 0.0px 0.0px 0.0px 0.0px; line-height: 19.0px; font: 16.0px Georgia; color: #6b006d; -webkit-text-stroke: #6b006d;"> <span style= "font-kerning: none; color: #262626; -webkit-text-stroke: 0px #262626;"> Join Ted's mailing list at <a href= "htt