Alaska Permanent Fund Corp., Juneau, will look into alternative investments following passage of a state statute creating a basket clause allowing up to 5% of the fund to be invested alternatives, said Terry Brown, CIO. Trustees of the $26.1 billion fund will work with the investment staff to map out a strategy on various forms of alternative investments before making a decision to move forward with a search, he said.
Separately, McKinley Capital and Alliance Capital were named finalists in a search for a large-cap aggressive growth equity manager to run $200 million. Funding likely will come from existing fixed-income investments.
