CIO Of Pennsylvania PSERS, Friend Of PE, To Step Down


Pension: Pennsylvania Public School Employees’ Retirement System

Assets Managed: $49 Billion (Dec. 2012)

PE Assets Managed: $10.8 Billion (June 2012)

PE Allocation (Target): 22% (22%) (June 2012)

Chief Investment Officer: Alan Van Noord

Alan Van Noord, who has directed investments for the Pennsylvania Public School Employees’ Retirement System for more than a decade, has decided to retire in June. He will be replaced on an interim basis by James Grossman, Jr., deputy chief investment officer.

Van Noord’s retirement is the latest in a string of changes at the top of the nation’s largest pension funds, following a wave of departures in 2011 and early 2012. A spokeswoman for the pension, Evelyn Tatkovski, described a range ...

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