PA PSERS to double PE co-investments, hire staff to cut fees

Pennsylvania State Employees’ Retirement System, pension funds, private equity, PA SERS
A view of the Pennsylvania State House from the State Street Bridge in Harrisburg on Jan. 18, 2012. Reuters/Tim Shaffer
Pennsylvania Public School Employees’ Retirement System, at its Aug. 10 meeting, moved forward with a plan to reduce $2.4 billion in investment fees over 30 years. The long-term recommendations include doubling the private equity co-investment portfolio and hiring more investment ...

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