New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.
Tag: Pennsylvania State Employees Retirement System
Board also approves $125 million in new private equity, real estate investments.
Stress test finds capital preservation plan effective at providing security during market downturn.
Pension board also approves reduction in assumed rate of inflation to 2.5%.
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Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.
Board approves nearly $300 million in private equity, multi-strategy investments.
Board also reallocates $1 billion within its portfolio.