PennSERS Names New CIO

Feb 15 2011 | 1:31pm ET

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.

 


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...