US - The US$29bn Pennsylvania State Employees' Retirement System (SERS) earned $3.8bn in 2005, placing it in the top 5% of public pension funds nationally.
That translated into a 14.9% return for the year, comfortably higher than 7.55% median return for public pension funds in 2005m according to the Trust Universe Comparison Service® (TUCS) report rel...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date