California State Teachers' Retirement System (CalSTRS) appoints Scott Chan as new Chief Investment Officer (CIO).

California State Teachers' Retirement System (CalSTRS) named Scott Chan as its new Chief Investment Officer (CIO), succeeding Chris Ailman. Chan, who has been CalSTRS' deputy CIO since 2018, will lead the investment strategy of the $332.5 billion pension fund. Chan has played a key role in driving CalSTRS' efforts to increase direct investments and leverage its portfolio for co-investment partnerships, resulting in $1.6 billion cost savings since 2017.