Pennsylvania Public Schools Employees’ Retirement System (PSERS) is seeking to allocate an additional $250 million to Capula Investment Management,HFMWeekreports. The new investment will be made to the $1.5 billion Capula Tail Risk Fund to cut residual beta within the absolute return program.

The Capula fund is designed to hedge tail risk across asset classes in developed markets, including equities, credit, FX and rates. The finance committee of the $49.8 billion system had approved a $200 million allocation to theCapula Global Relative Value Fundin February.

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