Alaska Retirement Management Board, Juneau, plans to hire Schroder Investment Management to run up to $75 million in an insurance-linked securities strategy, pending due diligence and successful contract negotiations, said Judith Hall, liaison officer, in an e-mail.
Funding will come from cash. Investment consultant Callan Associates is assisting.
Separately, Gary Bader, chief investment officer, plans to invest up to $200 million in a small-company fund managed by Fidelity Institutional Asset Management.
Mr. Bader has discretion to invest up to 1% of the total portfolio in new investment strategies with existing managers in good standing. Further information on how the strategy will be funded could not be learned by press time.
A final allocation size has not been determined.
The Alaska board oversees more than $28 billion in retirement assets.
