Alaska Permanent Fund hires four Non-U.S. stock managers
(JUL 18) - The APFC has awarded four active Non-U.S. developed markets stock mandates at the conclusion of a several-month search. The mandates are for $100 million each, with a target date of July 25. Selective rebalancing within the Permanent Fund’s stock portfolio will provide the funds for the new mandates, and no managers will be terminated.
Staff recommended the search based on the strong core nature of the portfolio, citing a need for additional Non-U.S. managers to increase the diversification of the Fund’s holdings. The finalists and their style tilts are as follows:
JP Morgan Asset Management
Johnston Asset Management
LSV Asset Management
Schroder Investment Management
Posted: July 22, 2014