PENNSYLVANIA FUND ADDS COMMODITIES MANAGERS.(Hirings)

Pensions & Investments, July, 2007

HARRISBURG, Pa. - Pennsylvania Public School Employees' Retirement System hired Lehman Brothers Asset Management and Schroder Investment Management North America to run up to $1 billion and $500 million, respectively, in active commodity portfolios, confirmed Evelyn Tatkovski, spokeswoman for the $64.1 billion fund.

The pension fund uses Credit Suisse, Deutsche Asset Management and Wellington Management to manage its $3.3 billion commodities portfolio; the two new managers were added for diversification. The funding source could not be learned by press time. Consultant Wilshire Associates assisted. Separately, the system committed up to $500 million to the Brigade Leveraged Capital Structures Offshore fund; up to $300 million to KRG Capital Fund IV; up to...

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