Friday, April 18, 2014
Inquirer Daily News

Even Phillies ace can't save Pa.'s underfunded pensions

Larry Christenson, pitcher turned placement agent

Even Phillies ace can't save Pa.'s underfunded pensions

The Pennsylvania State Employees' Retirement System spends hundreds of millions of dollars a year hiring hedge fund managers, commodities dealers, venture capital and buyout and real estate artists, and it still faces a budget-busting long-term deficit. Ex-Phillies pitcher Larry Christenson, now a placement agent working for professional investors who want to manage state money, tells how he gets his piece in my Sunday Philadelphia Inquirer column here.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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