Alaska Retirement Management Board, Juneau, approved terminating Mariner Investment Group, according to a teleconference of the $19.1 billion board's meeting Thursday.
The recommendation to terminate, which was made by Chief Investment Officer Gary Bader, followed a management review meeting in January. Mr. Bader cited performance as the reason for the termination. According to the board's investment reports, Mariner ran $192 million in an absolute-return strategy.
Peter O'Rourke, Mariner's general counsel, did not return a telephone call by press time for comment.