Alaska Retirement Management Board, Juneau, will launch an “invitation-only” search for at least one manager to run a total of $200 million to $300 million in active international small-cap equities, confirmed Gary Bader, chief investment officer of the $16.5 billion system.
Funding would likely come from domestic indexed equities, Mr. Bader said, noting that no managers will be terminated.
The investment aims to achieve broader international exposure for the overall fund.
The system’s general consultant, Callan Associates, will lead the invitation-only search, Mr. Bader said in a telephone interview. A selection is expected in June or September, he wrote.