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CalSTRS seeks firm to provide sustainability-focused investment-management services
Investors - OCTOBER 20, 2021

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CalSTRS seeks firm to provide sustainability-focused investment-management services

by Kali Persall

The California State Teachers’ Retirement System (CalSTRS) is seeking an investment manager firm to provide active sustainability-focused investment-management services, according to a document posted on the state of California's procurement website.

The search process was launched on Oct. 18 and will conclude Oct. 29.

Pending market conditions, CalSTRS intends to award at least one contract to an investment management firm or firms to provide active sustainability-focused investment-management services. The award will have an initial term of 15 years, and it will automatically renew thereafter for up to two additional five-year extensions.

CalSTRS said if none of the proposals is determined to be satisfactory, no selection will be made.

The proposer must satisfy a number of minimum qualifications to be considered, such as have a minimum of $500 million in assets under management for the pro

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