(Glen Grell)Glen Grell has been appointed executive director of the Pennsylvania
Public School Employees’ Retirement System (PSERS), its trustee board has
announced.
Grell, who has been a member of the House of Representatives since 2004, will take up the position next month. He had been a member of the pension board from 2009 to January this year.
“While I will miss representing the residents of the 87th Legislative District in the General Assembly, I believe my experience in public pension policy issues will be of great value as I work with the board of trustees and the men and women who make up PSERS,” Grell said in a statement.
Grell will take over from Acting Executive Director Terrill Sanchez, who assumed the position at the end of March.
The pension is the top twenty public funds in the US in terms of size and it selected James Grossman as its permanent CIO in June last year. In January, Grossman announced PSERS had sold a $1.75 billion package of private equity investments to secondaries player Ardian.
Grossman, who was also nominated in CIO’s 2015 Industry Innovation Awards, said he aimed to reduce PSERS’ exposure to private equity from 16.7% to 15%.
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