Saturday, 18 April 2015
Last updated 42 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…