About this episode

Scott Chan discusses investment strategies for managing $390 billion at CalSTRS amidst structural changes in the market.

What if the biggest edge in managing $390 billion isn’t picking assets—but controlling risk and liquidity when markets break? In this episode, I sit down with Scott Chan, Chief Investment Officer of CalSTRS, to discuss how one of the largest institutional investors in the world is positioning for a period of massive structural change. Scott breaks down how AI, deglobalization, and the energy transition are driving a multi-decade investment cycle, why traditional diversification is breaking down, and how liquidity and dynamic allocation become critical in volatile markets. We also explore structural alpha, co-investing at scale, and how governance and partnerships enable CalSTRS to generate returns without taking incremental market risk.

People in this episode

Host: David Weisburd

Guest: Scott Chan

Topics covered

• investment strategy
• risk management
• liquidity
• AI
• deglobalization
• energy transition

Keywords

• CalSTRS
• investment
• risk
• liquidity
• AI
• deglobalization
• energy transition
• diversification
• structural alpha

Mentioned in this episode

Organizations: CalSTRS, AI, energy transition

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