California State Teachers’ Retirement System experienced a negative return on investments for the first time since the Great Recession in 2008.
CalSTRS reported a minus 1.3% return on its portfolio. Following a record yearly investment gain of 27.2% in 2020-21, the year-end value of the portfolio dropped $8.6 billion to $301.6 billion. They have attributed the decline to market volatility complicated by inflation, rising interest rates, the impact of Covid-19, and the ongoing war in Ukraine.
