Penn PSERS trims leverage, adds fixed income and hones in on fees

Sarah Rundell

September 12, 2023

Save Article

From this October $71.9 billion Pennsylvania Publi

Continue Reading

A Top1000funds.com subscription unlocks the full article

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).

Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.

Asset owners get permanent complimentary access. Learn more about memberships

absolute return, costs, fixed income, leverage, management fees, Peen PSERS

Asset Owner:Pennsylvania Public School Employees’ Retirement System

PennPSERS reports carried interest

Michael Benson, James Grossman and Evelyn Williams

November 06, 2018

PSERS CIO drives diversification

Sarah Rundell

May 25, 2016

Ohio STRS warns of higher US recession risk; prioritises liquidity

The State Teachers Retirement System of Ohio has warned of a “material” increase in US recession risk compared to last year as the fund braces for a wider, “negatively skewed” distribution of outcomes in the next 12 months. It came as the mature plan, which is 81 per cent funded, is tilting to fixed income and new asset classes like liquid alternatives over equities.

Darcy Song

July 02, 2026

Featured Story

Long term lens shields Colorado from private credit jitters

Sarah Rundell

April 28, 2026

Investor Profile

Chicago Teachers leans into diverse managers; exceeds targets

Sarah Rundell

April 16, 2026

Featured Story

Strategy and reporting under the microscope: Denmark’s ATP awaits review

Sarah Rundell

February 24, 2026

News

Texas Teachers’ CIO questions TPA, DAA value-add

Darcy Song

February 19, 2026

Sort content by

Investor Profile

Liquidity, rebalancing reign at PSERS

Cash is king right now, according to CIO of the Pennsylvania School Employees’ Retirement System, Jim Grossman, and he’s got plenty of it. The fund has a very diversified asset allocation, with about half the portfolio invested in liquid assets and Grossman and his team are working hard to make sure that the strategic allocations are maintained.

Amanda White

April 06, 2020

Asset Allocation

Wiseman’s wise words for investors

Ensuring a portfolio has enough liquidity to rebalance back to the long-term strategic asset allocation is the most critical preparation investors can do ahead of any crisis, according to Mark Wiseman, who said this current environment could be the "opportunity of a generation".

Amanda White

April 03, 2020

Investor Profile

France’s FRR prepares to ramp up equity

The French SWF, FRR, is preparing to invest more in equities and illiquid assets as important reforms extend its time horizon. With the coronavirus crisis delaying the asset allocation decisions the fund is operating in an "intermediate context", slowly shifting out of bonds and into equities.

Sarah Rundell

April 02, 2020

Asset Allocation

CIOs ride the corona storm

Even for long term investors who pride themselves on the big picture and horizons stretching far into the future, the unprecedented change of recent weeks is hair-raising. Enough liquidity on hand to take advantage of buying opportunities once they arise and comfortably pay benefits is crucial. We look at the strategies of investors around the world in response to the market conditions.

Sarah Rundell

March 23, 2020

Asset Allocation

It’s a drag: why TPA is superior to SAA

A total portfolio approach overcomes the governance, benchmark and inertia drags inherent in strategic asset allocation, and can add returns of 50-100 basis points above SAA, according to global head of investment content at Willis Towers Watson, Roger Urwin.

Amanda White

March 12, 2020

Asset Allocation

The rise of the Sovereign Wealth Fund

In the past 20 years the number of SWFs has grown from 20 to more than 100 with their assets estimated to grow by $500 billion a year. So where do they invest and what impact are they having on the market? Sarah Rundell investigates.

Sarah Rundell

March 11, 2020

Previous Next

Asset Allocation

Penn PSERS trims leverage, adds fixed income and hones in on fees

Continue Reading