All the transactions were recommended to the board by the pensions investment staff... Trustees of Pennsylvanias largest public pension on Friday backed off from voting on almost $1.1 billion in new fund commitments amid disagreement over the systems leadership and its use of high-cost private investments. No action was done regarding the letters demands at a meeting Thursday, but the meeting is set to continue tomorrow. While one investment was approved in a public session, another five that had been scheduled for votes by the investment committee of the $64 billion Pennsylvania Public School Employees Retirement System were withdrawn. The demand for the dismissal of Glen Grell, the executive director, and Jim Grossman, the chief investment officer of Pennsylvanias $64 billion Public School Employees Retirement System, came hours before a scheduled meeting of the board Thursday, which both officials would normally attend.
After the system was turned over to them, several private investments were reformed.
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After the system was turned over to them , several private investments were reformed .
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