Pennsylvania § 8542 Establishment

Pennsylvania Statutes

§ 8542 — Establishment

Pennsylvania·Title 24 EDUCATION·Part PART IV·Ch. 85 ADMINISTRATION AND MISCELLANEOUS PROVISIONS·Subch. PUBLIC MARKETS EMERGING INVESTMENT MANAGER PROGRAM

(a)Fiduciary duty of board.--Consistent with the board's fiduciary responsibilities, the board shall establish a Public Markets Emerging Investment Manager Program.

(b)Location of managers.--The board shall locate fund managers with a history of generating positive risk adjusted returns.

(c)Source list.--After location of fund managers, the board shall provide a source of potential managers for the main fund.

(d)Assistance with marketing.--In order to grow public market emerging investments firms, the board shall assist in using the system's name in the manager's marketing efforts.

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(a) Fiduciary duty of board.--Consistent with the board's fiduciary responsibilities, the board shall establish a Public Markets Emerging Investment Manager Program.

(b) Location of managers.--The board shall locate fund managers with a history of generating positive risk adjusted returns.

(c) Source list.--After location of fund managers, the board shall provide a source of potential managers for the main fund.

(d) Assistance with marketing.--In order to grow public market emerging investments firms, the board shall assist in using the system's name in the manager's marketing efforts.

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