The Situation: The Pennsylvania Legislature passed Act 5 in 2017, which, among other things, created the Pennsylvania Public Pension Management and Asset Investment Review Commission ("Commission"). The Commission was...more
Pennsylvania's Commission was told at the September hearing regarding the PSERS and SERS probe that $3.8 billion in investment fees have gone unreported.
The Commission in Pennsylvania that has been focusing on the...more
The schedule for review of the investment strategies of the Public Employees' Retirement System and School Employees' Retirement System just became accelerated.
At its hearing on July 30, 2018, Pennsylvania's...more
This development represents just one aspect of the ongoing debate over active versus passive asset management.
Earlier this month, Pennsylvania's largest public pension fund, the Public School Employees' Retirement System...more
8/27/2018
/ Asset Management ,
Fiduciary Duty ,
Investment Adviser ,
Investment Management ,
Management Fees ,
Popular ,
Public Employees ,
Public Pension ,
Public Schools ,
Retirement Funds ,
State and Local Government