Commission urges PA pensions to reduce illiquids, create central investment office

Pennsylvania Public School Employees’ Retirement System, Pennsylvania State Employees’ Retirement System, private equity, pension fund, Joe Torsella
Pennsylvania Treasurer Joe Torsella. Photo sourced from treasury website.
A central investment office would create synergies for assets managed by Pennsylvania Public School Employees’ Retirement System and Pennsylvania State Employees’ Retirement System. And the agencies should revisit and reduce their allocations to illiquids because the asset class could cause ...

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