The Steward
Legacy, values and the long now, leadership as care and continuity.
Christopher Ailman embodies The Steward archetype through his decades-long custodianship of CalSTRS, a fund serving over a million public school teachers. Throughout this interview, Ailman frames every allocation decision around long-term accountability to beneficiaries, not short-term performance optics.
“I'm a steward of a million teachers money. I want to be able to tell them what we're invested in. I want to know what we own and what we don't own.”
explaining hedge fund transparency concernsundated
“As long as there are public school teachers in the state of California, we're going to own their stock, which means we're going to own their stock a lot longer than they're going to be CEO.”
describing engagement with corporate CEOsundated
“Losing other people's money is actually by far the toughest thing to do. It just hollows you out. It hurts in the heart.”
reflecting on managing through downturnsundated
Money Maze Podcast: “CalSTRS: How the $300+ Billion Pension Fund is Allocating in 2023 - With Christopher Ailman, CIO”
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