Pennsylvania Public School Employees' Retirement SyFirst Quadrantrg, committed $702 million to the First Quadrant Global Macro commingled fund; $525 million to the Barclays Global Investors Ascent Globalcommingled fund; up to $162.5 million plus expenses to Stockbridge Real Estate Fund II; up to $135 million to Co-Invest II Capital Partners' Co-Investment Fund II and $270 million to an in-house S&P 500 global macro overlay, according to Evelyn Tatkovski, press secretary for the system. Funding will come from cash.
The board of the $52 billion system also increased a global macro allocation managed by Bridgewater to $582 million and switched it to a commingled fund from a separate account, Ms. Tatkovski said.