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For beleaguered pension fund, mixed messages from a $400,000 consultant

A $400,000 consultant report took a look at "governance" at the PSERS pension fund. In part, it suggests giving more power to the same managers dissident trustees want ousted

James H. Grossman Jr. (left), who heads PSERS's investment staff, goes over a document with fund board chairman Christopher Santa Maria during a recent board meeting. Six members of the 15-member panel sought to fire Grossman recently but could not win majority support. Santa Maria did not support the dismissal.
James H. Grossman Jr. (left), who heads PSERS's investment staff, goes over a document with fund board chairman Christopher Santa Maria during a recent board meeting. Six members of the 15-member panel sought to fire Grossman recently but could not win majority support. Santa Maria did not support the dismissal.Read moreTYGER WILLIAMS / Staff Photographer