US - The Pennsylvania State Employees' Retirement System (SERS) exceeded assumptions during the first three quarters to post an 8.9% return, driven largely by an impressive performance from its private equity and real estate portfolios.
The performance meant the US$30bn fund had so far comfortably exceeded the 8.5% assumed rate of return for the full year, and Peter Gilbert, CIO, said performance since September 30 had continued t...
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