Alaska Permanent Fund Corp., Juneau, is searching for three to five active domestic large-cap equity managers to each run $50 million to $100 million, said spokeswoman Laura Achee.
The $42.2 billion sovereign wealth fund is looking for both growth and value strategies. Funding is coming from rebalancing, Ms. Achee said in a telephone interview.
Callan Associates is conducting the shortlist search. Interested managers can contact Callan, Ms. Achee said.
A hiring date has not been decided.