The Alaska Retirement Systems, Juneau, with assets of $8.5 billion, selected three finalists to manage its first non-U.S. fixed-income portfolio of $180 million to $200 million.
The three finalists are: Julius Baer, Delaware and Rogge. A decision is expected in about two weeks, said Michael Cheung, state investment officer-fixed income.
Assets will come from a reduction in the allocation to U.S. fixed income; no manager terminations are expected.
