Alaska SWF plans RMB bond entry, seeks hedge funds
Alaska Permanent Fund is gearing up to trade Chinese debt after including it in its index this year, and would like to find more Asian fund managers for its absolute return portfolio.
Alaska’s sovereign wealth fund plans to start buying onshore Chinese bonds next year and wants to hire more Asian hedge funds, as part of a strategic push into assets in the region.
Marcus Frampton, chief investment officer of Alaska Permanent Fund Corporation (APFC), sees Asia offering growth and diversification benefits, amid concerns over a potential US or global downturn and heightened geopolitical uncertainty.
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