Alaska Retirement Management Board looks outside for risk analysis

Alaska Retirement Management Board, Juneau, is searching for a firm to provide investment risk analysis for the four defined benefit plans it oversees with a combined $15.9 billion in assets, confirmed Gary Bader, chief investment officer.

The work had been done internally, Mr. Bader said. He declined to comment further on the search.

According to the RFP, the selected firm will calculate risk measurement with the board's holdings and provide comprehensive analysis on the retirement system's risk exposure. Key measures of risk will include return volatility measured by standard deviation, value at risk, stress tests, correlations, beta, duration and yield curve risk.

The RFP is available on the board's website. Proposals are due at 4 p.m. Alaska Daylight Time on Aug. 17. A hiring decision is expected in late September.