Tag: Pennsylvania State Employees Retirement System

Asset Allocation January 21, 2021

Special Report: Why Pennsylvania SERS is Moving Toward a Liability-Driven Benchmark

New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.

Asset Allocation December 7, 2020

Board also approves $125 million in new private equity, real estate investments.

Pensions October 9, 2020

Stress test finds capital preservation plan effective at providing security during market downturn.

Pensions July 31, 2020

Pension board also approves reduction in assumed rate of inflation to 2.5%.

Asset Management Culture July 1, 2020

Kelly replaces Bryan Lewis, who left last year and is now CIO of US Steel.

Pensions June 12, 2020

Tumbling equity markets helped weigh down retirement system’s returns.

Asset Management Culture April 7, 2020

Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.

Pensions March 2, 2020

$30.9 billion fund also earmarks $500 million in new investments.

Corporate Moves July 22, 2019

Deputy CIO James Nolan recommended to serve in interim by investment committee.

Newsmakers May 1, 2018

Board approves nearly $300 million in private equity, multi-strategy investments.

Asset Allocation July 27, 2017

Board also reallocates $1 billion within its portfolio.