Nick Abel is an Investment Officer within the Sustainable Investment &
Stewardship Strategies (SIS) division of the California State Teachers’
Retirement System (CalSTRS), the USA’s largest teacher retirement
fund. Nick is responsible for working with a dedicated governance and
sustainability team to further CalSTRS’s mission to secure the financial
future and sustain the trust of California’s educators. His main areas
of focus are co-managing CalSTRS USD 10 billion sustainability-focused
portfolio and helping lead ESG integration efforts across CalSTRS USD
290 billion fund.
CalSTRS is the second largest pension fund in the USA, providing retirement
benefits to California’s public-school educators. Their mission is to secure
the financial future and sustain the trust of California’s educators. The
fund has seven asset class specific portfolios with the following target
allocations (as of February 28, 2021): Global Equity (49% of total fund),
Private Equity (10%), Real Estate (14%), Fixed Income (13%) and Inflation
Sensitive (3%), Risk Mitigating Strategies (9%), Innovative Strategies (0%).