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FBI Investigates Largest Pennsylvania Pension Fund's Real Estate Buys Near HQ


FBI Investigates Largest Pennsylvania Pension Fund s Real Estate Buys Near HQ
The Pennsylvania Public School Employees Retirement System headquarters building in Harrisburg, Pennsylvania
Real estate is a common investment for sources of institutional capital like pension funds, but one such fund s real estate deals raised the suspicion of federal investigators.
The FBI is investigating a series of purchases by the Pennsylvania Public School Employees Retirement System, the largest pension fund in the state, the Philadelphia Inquirer reports. PSERS has spent $13.5M on real estate in the immediate vicinity of its Harrisburg headquarters in the past few years through direct investment, breaking from its traditional strategy of investing indirectly through managed funds. ....

United States , Glen Grell , Pennsylvania Public School Employee Retirement System , Philadelphia Inquirer , Executive Director Glen Grell , ஒன்றுபட்டது மாநிலங்களில் , க்ளென் கிரெல் , பென்சில்வேனியா பொது பள்ளி ஊழியர் ஓய்வு அமைப்பு , பிலடெல்பியா விசாரிப்பவர் , நிர்வாகி இயக்குனர் க்ளென் கிரெல் ,