Stanford Long-Term Investing Fellowship (SLTIF)
OVERVIEW
The Stanford Long-Term Investing Fellowship (SLTIF) is now accepting applications for its second year, building on a successful inaugural cohort. This program provides a group of stellar, mission-driven university graduates with the opportunity to spend 12 months deeply engaged in the world of long-term investing. Specifically, SLTI Fellows will spend one year working at Stanford University, on secondment to one of CalPERS investment teams or rotations in Sacramento, California.
SLTIF 2025-26 Application
Applications are open! Apply for SLTIF 2025-26 by March 31, 2025.
APPLICATION TIMELINE
- February 21, 2025 —Application opens
- March 31, 2025 — Application deadline
- 1st Week of April — Screenings complete*
*Continuing applicants will be notified and their references contacted - Mid-End of April 2025 — Interviews conducted
- April 30, 2025 — Final deadline for reference submissions
- Second Week of May 2025 — Final decisions


PROGRAM DETAILS
The Stanford Long-Term Investing Fellowship is a one-year rotational program of learning, researching, working, and investing. Stanford University will select and hire four outstanding graduates (from undergrad and masters programs across the United States) in the Spring of each year and bring them to California (first Stanford, then Sacramento).
STAGE 1: LEARNING AT STANFORD (AUGUST)
Fellows will spend a week on campus studying with Dr. Ashby Monk and the team at the Stanford Long-Term Investing Research Initiative. The purpose of this week will be to learn about the world of long-term investors and prepare them for the year they will spend working at CalPERS. This stage will also establish SLTIF unique goals for the year.
STAGE 2: WELCOME TO CALPERS (SEPTEMBER)
Fellows will move to Sacramento, California and join a training program. They will then be placed on teams and rotations.
STAGE 3: STANFORD RETREAT (JANUARY)
Fellows return to Stanford to share learnings and begin designing a final “case study” they will seek to complete in the Winter and Spring.