
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.
That has happened just once since 2009, but CFRA’s Stovall expects a re-run.
World’s largest pension fund’s asset value rises to $1.54 trillion.