Pennsylvania schools pension fund enjoys risk/return profile of catastrophe bonds
18th April 2012Last 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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