Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PERS board approves private-equity benchmark change, adds managers to watch list
Summary
The Public Employees Retirement System of Mississippi board approved switching its private-equity benchmark from the S&P 500 plus 3% to the Cambridge private-equity benchmark (applied retroactively for year-end reporting) and added two equity managers to the watch list. Trustee questions focused on retroactivity and how the change affects performance comparisons.
The Public Employees Retirement System of Mississippi board voted to replace its private-equity performance yardstick and to add two global equity managers to a watch list.
Board leaders approved staff recommendations to change the plan’s private-equity benchmark from the S&P 500 plus 3% to the Cambridge private-equity benchmark and to apply the change retroactively for reporting on the fiscal year that closes June 30. The board also…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
