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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:

Growth style:

JP Morgan Asset Management

Johnston Asset Management

Value style:

LSV Asset Management

Schroder Investment Management

For more on this story and related APFC news, visit www.apfc.org

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