Alaska Retirement says no to lone China, EM strategies
The US state pension fund has made the decision as part of a review of its asset manager relationships with an eye on simplification, cost-efficiency and greater excess return.
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Alaska’s $33 billion public pension manager is unwinding its dedicated active emerging-market equity programme and has decided against setting up a separate China A-share portfolio, a senior executive at the institution has told AsianInvestor.
Alaska Retirement Management Board (ARMB) took the decision last month as part of a broad review of its investment operations with an eye on simplifying its setup and improving performance.
ARMB, which oversees investments for Alaska’s pub…
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