Alaska Ramps Ups Alts. Portfolio

Jun 3 2008 | 2:44pm ET

The $37 billion Alaska Permanent Fund Corporation’s board of trustees has approved changes to the asset allocation for the pension fund, increasing its overall commitment to the alternatives space.

Private equity and absolute return will each move from 4% to 6% of the total allocation, and the allocations to infrastructure and emerging market stocks will each go up by 1%. The shift is balanced by reductions in the allocations to U.S. large-capitalization stocks and non-US developed market stocks, as well as U.S. bonds.

“The Board firmly believes that investing in alternative assets, such as private equity and infrastructure, is necessary to ensure that the Permanent Fund is well diversified," said Board Chair Steve Frank. "Alternative assets help balance our exposure to traditional public assets under a wide range of market conditions, and we have spent the last few years creating and slowly growing the fund's allocations in these areas.”

The fund had $2.4 billion committed to alternatives as of the end of April.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of