| 28.01.2013 Arden Asset Management picks up $150m from Pennsylvania SERS amid local criticism of role of placement agents and hedge fund performance |
| Beverly Chandler, Opalesque London: Joseph N. DiStefano writing for philly.com has opened up a debate on the merits and expense of hedge fund placement agents or third party marketers as he revealed that the Pennsylvania State Employees Retirement System (SERS) announced it was giving Arden Asset Management $150m to invest. DiStefano writes: "Back in 2006, SERS and its board, headed by ex-stat |