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Philadelphia Pension Fund

(Rob Dubow, back to camera, at last week's meeting of the Philadelphia Pension Board.   Credit: Mike Dunn)

Philadelphia Pension Board Puts Sidelined Millions Back Into Equities Markets

The proceeds of more than $40 million in stocks sold off last week by the city’s pension fund, when the global markets were in chaos, is now being reinvested.


(The Philadelphia Pension Board, at this morning's meeting.  Credit: Mike Dunn)

Amid World Turmoil, Philadelphia’s Pension Board Decides To Sit On Some Cash For A Week

The city’s pension board held an hourlong meeting this morning, during which the members decided to cash out $50 million worth of public equities. Some board members had urged converting even more of the fund’s public holdings — perhaps another $50 million — to cash.