Managing Partner Matthew Haverstick was quoted in Institutional Investor on the results of the investigation in to a reporting error at the Pennsylvania Public School Employees Retirement System. According to the article, Womble Bond Dickinson, the law firm that conducted the investigation, concluded that there was no evidence of foul play or wrongdoing at the system. Instead, the investigation revealed “a series of unfortunate oversights and a lack of transparency from a key consultant led to a miscalculation that had a domino effect for the pension fund.”
“We’re happy that Womble Bond got to the right answer, although we demonstrated to them months ago that there was no wrongdoing,” said Havertick, who represents former PSERS chief investment officer Jim Grossman.
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