PennSERS posts net return of 9.8% in 2024, led by U.S. equities
U.S. equities generated the highest return, increasing 2.80% in the fourth quarter and 23.38% for the full calendar year.
U.S. equities generated the highest return, increasing 2.80% in the fourth quarter and 23.38% for the full calendar year.
At
the recent meeting, the pension plan unveiled its pacing for its private market
allocations
Markets Group surveyed 116 institutional allocators from Public
Pension Funds, Endowments, Foundations, and Corporate Pension Funds to
understand how they navigated a year defined by economic uncertainty,
geopolitical tensions, and shifting investment landscapes. This report captures
their perspectives on emerging market opportunities, macroeconomic challenges,
ESG integration, and evolving strategies across asset classes. From the
increased appeal of private credit to cautious optimism in real estate and the
measured adoption of AI, these insights reflect the adaptability and resilience
of institutional investors as they prepare for the complexities of 2025.
For
2025, the CEO plans to hike allocations in PE, PC and RA.
Absolute
return investment products that could potentially be used in a portable alpha
strategy
Markets
Group conducted an in-depth survey following our 11th Annual Southeast
Institutional Forum, gathering insights from top allocators at Public Pension
Funds, Endowments, Foundations, and Corporate Pension Funds. Findings reveal
how Southeast investors are navigating an economic landscape influenced by
geopolitical tensions, policy shifts, and evolving market dynamics. With a
focus on high-yield credit opportunities, real estate debt, and selective AI
integration, these investors are strategically positioning to capture growth
while managing risks in fixed income and emerging markets ahead of anticipated
policy changes.
With the support of consultant
Meketa, the system has $40m within its PE left to allocate and $130m to its PC
sleeve for the year.
The
$44bn pension plan has made commitments to its RA, PC and PE sleeve across June
to August
The
$5.7bn Kern County ERS has dry powder of $232m for its FI sleeve and committed
$25m to its PC portfolio
The $74.6bn system focuses on ‘higher
IRR and lower multiple of capital’ as both real estate and private credit team
suggest a $175m new allocation.