Alaska Retirement Management Board, Juneau, hired Callan as both its general investment consultant and real assets consultant, according to notices posted on the state of Alaska's website.
The board issued RFPs in January because the contracts of Callan, which was solely general consultant, and Townsend Group, real assets consultant, will expire June 30. Both firms were invited to rebid; whether Townsend Group did so could not be immediately learned. Finalist information was not provided.
As of Dec. 31, the actual allocation of non-participant-directed assets was 22.2% domestic equities, 19.3% international equities, 18.2% real assets, 10.8% private equity, 10.6% opportunistic investments, 10.5% fixed income, 7.4% absolute return and 1% cash equivalents.
The board oversees the management of $32.6 billion in defined benefit and defined contribution plan assets, including the $18.6 billion Public Employees' Retirement System and $8.9 billion Teachers' Retirement System.
Stephanie Alexander, liaison officer, did not return phone calls seeking further information.
