Alaska Permanent Fund has appointed two new managers for an $820 million mandate, Pensions & Investments reports. Capital Guardian and PIMCO will run the multi-asset emerging markets strategy.
The managers will have discretion across risk factors and asset class, targeting an 800-basis-point real rate of return over a five-year period. The $41 billion sovereign wealth fund will reduce its global credit and global equity mandates to fund the new strategy.
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