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.
Tag: Seth Kelly
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.
Corporate Moves
Penn SERS CIO Seth Kelly Resigns
He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.
Asset Allocation
Special Report: Why Pennsylvania SERS is Moving Toward a Liability-Driven Benchmark
New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.
Asset Allocation
Penn SERS Redefines Fixed-Income Allocations in Liability-Driven Push
Board also approves $125 million in new private equity, real estate investments.
Pensions
Pennsylvania SERS Loses 4.6% in First Half of 2020
Stress test finds capital preservation plan effective at providing security during market downturn.
Asset Management Culture
Pennsylvania SERS Names Seth Kelly CIO
Kelly replaces Bryan Lewis, who left last year and is now CIO of US Steel.
Seth Kelly Resigns, MOSERS to Launch Search for New CIO
Seth Kelly departed the $11.6 billion pension after replacing 21-year CIO Rick Dahl in 2016.