Here’s an interesting side-story on Sandy where a U.S. state schools pension fund was in the path of hurricane Sandy, Pennsylvania was a state impacted by the storm, and now also faces a potential impairment to their investment portfolio because they have invested in a reinsurance-linked investment fund. The Pennsylvania Public School Employees’ Retirement System, […]
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Last June we wrote about the Pennsylvania Public School Employees’ Retirement System (PSERS), the public body that organises, manages and invests the retirement funds of public school employees in Pennsylvania, and their first allocation of capital to the catastrophe bond and insurance-linked securities asset class. They allocated $250m into the Palmetto Fund, an insurance-linked securities […]
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The Pennsylvania Public School Employees’ Retirement System, the public body that organises, manages and invests the retirement funds of public school employees in Pennsylvania, is to broaden their investment policy to include new asset classes according to Pensions & Investments.
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