Alaska, SSgA officials in talks over losses

Alaska state officials are negotiating with SSgA over $5.65 million in losses suffered by state employees participating in plans administered by the $18.8 billion Alaska Retirement Management Board, Juneau, when SSgA’s purportedly low-risk Daily Corporate/Government Bond Fund fell sharply in August as credit markets seized up, confirmed Michael Barnhill, an attorney in the state attorney general’s office. He declined to comment further. State Street spokeswoman Hannah Grove declined to comment.