Pennsylvania Public School Employees' Retirement System's asset allocation tweak could mean around half a billion dollars more for master limited partnership managers Atlantic Trust Private Wealth Management, Harvest Fund Advisors and Salient Capital Advisors. On March 22, Pensions & Investments reported changes to Harrisburg-based PPSERS' target asset allocations including a one-percentage-point increase to MLPs citing an attractive risk return profile. The new target allocation stands at three percentage points of the total fund.
On June 22, 2012, P&I reported the hires of Atlantic Trust Private Wealth Management and Salient Capital Advisors, who both received $250 million. On March 12, 2012, P&I reported that Harvest Fund Advisors, who at the time managed $106 million, was being moved to PPSERS' MLP allocation from their emerging investment manager program.