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Pennsylvania School Employees to add absolute return and slash portable alpha

April 06, 2009  

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The woes of portable alpha investors continue as the $45 billion Pennsylvania Public School Employees' Retirement System transfers its existing managers in that portfolio to a newly established absolute return programme, slated to be more than $3 billion.

A joint memo from Pennsylvania Public School Employees' CIO Alan Van Noord and William Bensur of...

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