Alaska State Pension Investment Board, Juneau, will review its asset allocation at its March 17-18 meeting, said Gary Bader, CIO. He does not expect major changes in the $11 billion pension funds policy asset mix, but he has not yet decided on his recommendation. Consultant Callan has submitted a study to the system, whose target allocation is 40% domestic equities, 17% international equities, 31% U.S. fixed-income, 3% international fixed income and 9% real estate.
Separately, the board plans to search for a core real estate manager to run the $200 million that had been handled by PMRealty Advisors, said Mr. Bader. PMRealty is closing after failing to attract a buyer.