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2020 Pennsylvania Consolidated & Unconsolidated Statutes
Title 24 - EDUCATION
Chapter 85 - Administration and Miscellaneous Provisions
Section 8542 - Establishment
Universal Citation: 24 PA Cons Stat § 8542 (2020)
§ 8542. Establishment.
(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.
Cross References. Section 8542 is referred to in section 8541 of this title.
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