CalSTRS Invests $150M in Ninety One Decarbonization Strategy

Active, global investment manager Ninety One said it received a $150M mandate from the California State Teachers’ Retirement System (CalSTRS) to its Global Environment strategy, according to an October 15 press release.

Founded in Cape Town, South Africa, and now headquartered in London, the Anglo-South African asset manager’s global environment strategy focuses on identifying businesses that use decarbonization in renewable energy, resource efficiency, and electrification to drive structural growth.

Prior to winning the $150M mandate, Ninety One’s concentrated global equity portfolio stood at approximately $4.2B. According to Dakota data and the pension fund’s website, CalSTRS has a market value of $346.5B as of August 31.

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Written By: Dakota

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