Pennsylvania Public School Employees’ Retirement System, Harrisburg, hired Mariner Investment Group to run $300 million in short-duration non-agency mortgage-backed securities, confirmed spokeswoman Evelyn Tatkovski.
Funding comes from cash, according to Ms. Tatkovski.
The $50 billion system also committed $250 million to Capula Investment Management Tail Risk Fund and up to $75 million to Avenue Special Situations Fund VI.
