
Newsmakers
PSERS Internal Investigation Into Miscalculated Returns Released
Critical pieces of information still remain missing.
When the crisis abates, the gap between well-funded plans and the others will be even larger.
Performance is among the lowest reported by other major public universities so far this year.
Auditor general says the process to replace the investment manager was 'fatally flawed.'
System gains $3.9 billion to reach total assets of $29.3 billion.
Board also approves $175 million in new commitments.
State treasury holds up $581 million in obligations to PSERS.
$178 million reduction in investment fees since 2007 is not enough.
Policies lauded for governance, portfolio management.