The $24 billion Pennsylvania State Employees’ Retirement System has tapped Anthony S. Clark as chief investment officer, according to a news release.
Clark replaces John Winchester, who retired in early January.
Clark is currently the deputy chief investment officer for the Pension Benefit Guarantee Corporation, the federal agency responsible for safeguarding pension benefits in private sector defined benefit plans.
PennSERS is one of the leading U.S. retirement plan sponsors in terms of investments in hedge funds and funds of funds. As of September 30, 2010, the Pennsylvania system had $4.4 billion in hedge fund investments, 98% in funds of funds, according to a Pensions & Investments' survey of the top 200 plan sponsors.