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Thursday, dec 26
Tag:
Investment Oversight
News
Psers
Hires Fund Management Firm Amid Federal Investigation
The Pennsylvania Public School Employees' Retirement system has hired a management firm amid a federal investigation due to a 2020 miscalculation, PennLive reports. The fund hired Verus Investments, a Seattle-based firm that will take over “monitoring and oversight of investment,” the job previously done by PSERS Chief Investment Officer James Grossman. Grossman has not resigned, however, the fund considers this an emergency hire to monitor and oversee investments during “internal and external investigations” of PSERS investments, the fund told PennLive. The fund reversed its previous sta…
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