Alaska Permanent Fund Corp., Juneau, hired four managers to run $100 million each in emerging markets equity, confirmed spokeswoman Laura Achee.
William Blair & Co. and J.P. Morgan Asset Management were hired to run growth strategies, and Lee Munder Capital Group and Delaware Investments, value strategies.
Funding is coming from rebalancing; no managers were terminated, Ms. Achee said. Investment consultant Callan Associates conducted the shortlist search for the $48.5 billion sovereign wealth fund.
Separately, the fund committed $100 million to Lazard Global Listed Infrastructure, managed by Lazard Asset Management. The commitment did not need board approval and was completed in late September.
As of Sept. 30, the sovereign wealth fund had about $1.63 billion invested in a Lazard active global equity strategy and $433 million invested in an absolute-return strategy.