Asset Allocation
Penn SERS Loses More Than 12% in 2022
No rise in member contribution rates expected for fiscal year that starts July 1.
Tag: Penn SERS
Asset Allocation
PennSERS Investments Lose More Than 16% During First Three Quarters
The pension fund’s market value has fallen by more than $7.4 billion as of Sept. 30, despite outperforming its benchmark.
Asset Allocation
Pennsylvania SERS Approves $225 Million in Private Market Investments
The new mandates include allocations to private equity, infrastructure and a co-investment.
Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Asset Allocation
Penn SERS Returns 17.2% in 2021, Led by Private Equity Investments
Pension fund reports third straight year of double-digit investment gains, but falls short of benchmark.
Newsmakers
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
Newsmakers
Penn SERS Changes Its Travel Rules to Prevent Excessive Spending by Staff
Ambiguities in travel policies have caused issues at other Pennsylvania funds.
Newsmakers
Breaking News: Penn SERS Names Joseph Torta Executive Director
The top two positions at the $39 billion pension fund have turned over in less than half a year.
Corporate Moves
Penn SERS Board Names James Nolan Permanent CIO
He replaces Seth Kelly, who resigned last month after less than a year at the post.
Penn SERS Returns 11.1% in 2020
Investment performance for the $35 billion pension fund fell short of its benchmark and a sample 60/40 fund.
Corporate Moves
Penn SERS CIO Seth Kelly Resigns
He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.
Pensions
Pennsylvania SERS Cuts Investment Return Rate Assumption to 7%
Pension board also approves reduction in assumed rate of inflation to 2.5%.
Newsmakers
Pennsylvania SERS Approves $286 Million in New Commitments
State retirement system board also confirms James Nolan as acting CIO.
Risk
Pennsylvania SERS Loses 4.6% in 2018
Funded ratio falls to 56% as portfolio has worst calendar year in a decade.