PA pension board approves PE commitments despite governor’s request

Pennsylvania Public School Employees' Retirement System, Pennsylvania State Employees’ Retirement System. private equity, pension fund,
A view of the Pennsylvania State House from the State Street Bridge in Harrisburg on Jan. 18, 2012. Reuters/Tim Shaffer
Pennsylvania State Employees’ Retirement System appeared to defy the governor’s wishes for the state’s two public pension funds to halt high-management-fee investments while a committee studies the costs of the system’s investment programs. Earlier this month, the board of the ...

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