Alaska Permanent Fund Corp., Juneau, recently changed and broadened...

Alaska Permanent Fund Corp., Juneau, recently changed and broadened the mandates of three managers for more exposure to emerging markets, said Terry Brown, CIO for the $26.1 billion fund. Implementing an almost two-year-old decision, the board recently changed a Pacific Basin, excluding Japan, portfolio run by Schroder to a portfolio 50% pegged to the MSCI emerging markets free index. The other half will be invested in the Pacific Basin region, including an up to 50% Japan weighting. The new portfolio has $250 million in assets.