HARRISBURG, Pa. – Dale Everhart was expected to join the Public School Employes’ Retirement System of Pennsylvania (PSERS) as executive director in January, replacing James A. Perry who has headed the $42 billion pension for the past 14 years. Mr. Everhart has spent his career in private equity at the Commonwealth of Pennsylvania State Employes’ […]
SACRAMENTO, Calif. – For the second time in less than a year, California Public Employees’ Retirement System (CalPERS) has questioned its two advisers, Pacific Corporate Group Inc. (PCG) and Hamilton Lane Advisors, about how recent staff changes at the firms would affect their services to the $130 billion pension. CalPERS Senior Investment Officer Barry Gonder […]
LOS ANGELES – The $6.5 billion Los Angeles City Employees’ Retirement System (LACERS) raised its asset allocation for alternative investments at a November board meeting to 5% from 3% and boosted its target to 7% from 4%, Chief Investment Officer Dan Gallagher said. “What we really want to have funded is 5%,” he said, which […]
OKLAHOMA CITY – The $1.1 billion Oklahoma Police Pension & Retirement System has for the first time carved out $15 million to $17 million of its assets for venture capital investing and plans to hire two or three alternative investment managers early this year. The pension issued a request for proposals for fund managers in […]
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