Anchorage (Alaska) Police & Fire Retirement Board invested $20 million in the Vanguard Explorer Fund, replacing a small-cap growth mutual fund from Columbia Management Group, said Charles Laird, director. Officials for the $400 million plan switched from the Columbia fund because it lost several portfolio managers in June, Mr. Laird said. The firm continues to manage a $110 million fixed-income separate account portfolio for the fund. Callan Associates assisted.
Anchorage Police & Fire taps Vanguard fund