Managing Partner, Matt Haverstick was quoted in several media sources, including The Wall Street Journal, AP News, and the Institutional Investor on the retirement of Jim Grossman, Chief Investment officer of the Public School Employees’ Retirement System. After a report of exaggerated investment returns, both the FBI and the Securities and Exchange Commission began investigating PSERS. Haverstick, who is representing Grossman throughout the investigations noted that the decision to step down was not a result of the ongoing legal issues.
“Jim will reach 25 years of service early next year,” Haverstick said. “It seems like an opportune time for him to move on. I’d add, too, that Jim hasn’t engaged in any kind of wrongdoing, and there’s been no suggestion or finding to suggest that there is any kind of wrongdoing.”