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*State of Georgia closer to dropping ban on alternatives*
From PEhub.com: Georgia’s public pensions, long prohibited by law from
investing in alternative investments like private equity, may now be closer
to allowing such investments, sister magazine Buyouts reported today, after
the state Senate voted 50-to-4 to change the rules. The bill nevertheless
excludes any allocation changes to the state’s biggest pension fund, the
$48 billion Georgia Employees’ Retirement System.

The state of Georgia is one of the last holdouts in prohibiting public
pensions from investing in alternatives. Many of the nation’s
recession-battered pensions have lately sought to invest in alternatives,
or increase these investments, in the hope they will produce better returns
and lessen the strain of growing pension distributions on cash-strapped
states


Arlene Busch

202-333-1880

abusch@rosemontseneca.co