Alaska Permanent sticks with Callan

Updated with correction

Alaska Permanent Fund Corp., Juneau, rehired Callan Associates as general investment consultant, said a news release from the $58.8 billion sovereign wealth fund.

An RFP was issued in March due to Callan's looming contract expiration.

Also at this week's meeting, the permanent fund's board of trustees approved implementing a $2 billion currency management program run by Adrian Lee & Partners.

The permanent fund has an asset allocation of 40% public equities, 22% fixed income-plus, 11% each real estate and private equity/growth opportunities, 6% asset allocation strategies, and 5% each absolute return and private credit/private infrastructure/income opportunities.