Alaska Permanent Fund, Juneau, will review its relationship with Deutsche Asset Management, which manages $4.1 billion in passive and enhanced passive strategies. Details of the $22.4 billion systems review, scheduled for its Nov. 14 meeting, have not been finalized, said Michael Bell, senior investment officer.
DeAM agreed on Sept. 27 to sell its passive business to Northern Trust. Deutsche runs $1.9 billion in an S&P 500 index fund, $570 million in an enhanced S&P 500 fund, $590 million in a passive S&P 1,000 index fund and $990 million in a passive international equities fund tracking the MSCI EAFE index.
Callan is the consultant.