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Pennsylvania School Awards $600M Mandate
The $51.2 billion Pennsylvania Public School Employees’ Retirement System has awarded active international fixed income mandates of $300 million each to AllianceBernstein and Strategic Fixed Income.
The $51.2 billionPennsylvania Public School Employees’ Retirement Systemhas awarded active international fixed income mandates of $300 million each toAllianceBernsteinandStrategic Fixed Income,Pensions & Investmentsreports.Franklin Templeton,Brandywine Asset Management,Capula Investment ManagementandINGwere the other finalists.
Independent investment management firmWilshire Associatesassisted in the search. The system has a target allocation of 3% and 2% for international developed markets fixed income and emerging markets debt and is looking at options for awarding one more $300 million international fixed income mandate.
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