Pensions
Penn SERS Earns 5.2% During 1st Half of 2024, 1.3% in Q2
The retirement system also hired RVK as the general investment consultant for its pension plans.
Tag: Penn SERS
Pensions
Pennsylvania SERS Retains Empower, Aims to Save $1.4M per Year Under New Contract
According to the pension fund, changes under the new contract mean the financial services firm will have ‘some skin in the game.’
Pensions
Penn SERS Adjusts Asset Allocation Targets, Makes New Commitments
The fund will decrease its emerging equities exposure target for US equities as it reports a 3.81% return in the first quarter.
Pensions
Penn SERS Returns 12.2% in 2023
Pension returns were boosted by equities, while real estate lagged.
Asset Allocation
Penn SERS Earmarks $100 Million for 2 Private Equity Funds
The pension fund also rehired NEPC as its real estate investment consultant.
Asset Allocation
Penn SERS Loses More Than 12% in 2022
No rise in member contribution rates expected for fiscal year that starts July 1.
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.
Asset Allocation
Pennsylvania SERS Approves $225 Million in Private Market Investments
The new mandates include allocations to private equity, infrastructure and a co-investment.
Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Asset Allocation
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
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
Newsmakers
Penn SERS Changes Its Travel Rules to Prevent Excessive Spending by Staff
Ambiguities in travel policies have caused issues at other Pennsylvania funds.
Newsmakers
Breaking News: Penn SERS Names Joseph Torta Executive Director
The top two positions at the $39 billion pension fund have turned over in less than half a year.
Corporate Moves
Penn SERS Board Names James Nolan Permanent CIO
He replaces Seth Kelly, who resigned last month after less than a year at the post.
Penn SERS Returns 11.1% in 2020
Investment performance for the $35 billion pension fund fell short of its benchmark and a sample 60/40 fund.