Alaska Retirement Management Board, Juneau, hired State Street to provide securities lending services, said Judith Hall, liaison officer, in an e-mail.
State Street provided securities lending services to the board prior to the decision in 2009 to terminate the securities lending program over deteriorating market conditions.
State Street already serves as the board’s custodian.
Separately, international large-cap equity manager Capital Group was put on watch for underperformance. The board had $833 million invested in the strategy as of June 30.
A Capital Group spokesman could not immediately be reached for additional information.
Also, international and domestic large-cap equity manager McKinley Capital Management was removed from the board’s watch list. The board had $932 million total invested in the McKinley strategies as of June 30.
Why the manager was put on the board’s watchlist and recently removed could not be learned by press time.
In other news, investment staff is continuing to explore new value-added and opportunistic real estate investments. No searches are planned at this time, Ms. Hall wrote. The board’s real estate target is roughly 6%.
The Alaska board oversees more than $29 billion in retirement assets.
