The summer break was cut short for the Pennsylvania Public School Employees’ Retirement System (PSERS), where trustees assigned allocations of $975 million across five new funds.
Most of the fresh capital went to real estate/infrastructure investments, with a remaining $450 million going to three distinct private equity strategies.
Officials at the $61 billion pension system also agreed to scrap the system’s risk parity program, which will result in the boosting of real asset exposure by 2% and equity exposure by 4% and fixed income by 6%. The managers of the risk parity program . . .
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