PSRS/PEERS Investment Expertise Nationally Recognized for a Third Time in 2011 with Nomination for Hedge Fund Industry AwardJEFFERSON CITY, MO (May 3, 2011)
For the third time this year, the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) has been recognized on a national level for leadership and innovation in investment strategy. PSRS/PEERS is proud to announce that it is one of four nominees for Institutional Investor magazine’s Hedge Fund Investor of the Year Award under the Large Public Plan category.
Each year, the editors and reporters of Institutional Investor magazine, one of the world’s foremost financial publications, recognize public fund investors in hedge funds that stood out for their innovation, achievements and contributions to the industry over the previous year. The Large Public Plan of the Year award recognizes public plans with $10 billion or more in assets.
Although 2010 investment returns are very important to the ultimate selection, consideration will also be given to investors’ long-term performance and overall ability to construct and manage a hedge fund portfolio.
PSRS/PEERS industry-leading performance and investment strategy were recognized in March of this year when the plans won two national pension industry awards. PSRS/PEERS was named Large Public Plan of the Year by Institutional Investor’s Money Management Letter, and PLANSPONSOR magazine’s Plan Sponsor of the Year in the Public Sector – Defined Benefit Pension category. Both of these prestigious national pension industry awards recognize leadership and innovation in public sector pension fund investments.
“It is indeed gratifying to be recognized by so many in our industry for our hard work and commitment to providing our members financial security and solid retirement benefits,” says Steve Yoakum, PSRS/PEERS Executive Director. “This nomination is just further testament to the outstanding work done every day by our expert investment staff and managers.”
The winner will be announced at the 9th Annual Hedge Fund Industry Awards ceremony and dinner to be held in New York City on Monday, June 20, 2011.
PSRS/PEERS provides service retirement, disability, and survivor benefits for more than 130,000 active members and over 63,000 retired Missouri public school teachers, school employees, and their families. The total assets of both PSRS and PEERS were approximately $31 billion as of April 30, 2011, making the Systems larger than all other public retirement plans in the state combined, and the 42nd largest defined benefit plan in the United States.