Tag: Pennsylvania State Employees Retirement System

Asset Allocation June 22, 2022

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 December 9, 2021

The top two positions at the $39 billion pension fund have turned over in less than half a year.

July 6, 2021

Investment performance for the $35 billion pension fund fell short of its benchmark and a sample 60/40 fund.

Corporate Moves June 11, 2021

He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.

Asset Allocation January 21, 2021

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.