US - The US$30bn Pennsylvania State Employees' Retirement System's (PA SERS) returns fell sharply in the first half of the year to 6.2%, but remained in a strong position.
Thanks to an exceptionally strong second half of 2005 - led by strong private equity and real estate returns - the US$30bn fund posted an overall return of 17.1% over a 12 month period. But Eric H...
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