Friday, 22 August 2014
Last updated 13 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note