Alaska Fund Hires for Distressed Debt

June 24, 2009

The Alaska Permanent Fund Corporation (AFPC) has hired Oaktree Capital Management (OCM) to oversee $250 million, the plan said in a statement. The statement notes that the fund will invest in OCM's Opportunities Fund VIII as part of its 1% allocation to distressed debt. 'Given the ongoing recession and likely increase in distressed debt opportunities, and the potential for distressed debt strategies to improve the risk-adjusted returns of the fund over time, APFC views this as…

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