Pennsylvania Public School Employees picks AllianceBernstein, Galton Capital funds

Pennsylvania Public School Employees' Retirement System, Harrisburg, hired AllianceBernstein to run $200 million within the $50.5 billion pension fund's overlay program for domestic equities, confirmed spokeswoman Evelyn Tatkovski.

AllianceBernstein will run the money in its Factor Risk Premium Fund.

Separately, the pension fund committed up to $150 million to Galton Onshore Mortgage Recovery Fund III, a mortgage credit fund managed by Mariner Investment Group.

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