Alaska Plan Adopts New Portfolio Targets
June 22, 2009
The $14.5 billion Alaska Retirement Management Board (ARMB) slightly tweaked its asset targets at a meeting last week.
The changes will take affect in the fiscal year beginning July 1.
According to The Juneau Empire, the new asset allocation has less of the ARMB’s assets being invested in absolute return strategies, as the board has cut that particular target by 1%. The plan will diversify its remaining assets in the space among more hedge fund managers, however.
Additionally, the ARMB will be placing more of its assets with international equity managers, the report said.
Callan Associates advises the plan on its investment strategy.
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