Friday, 27 March 2015
Last updated 12 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…