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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Alaska: Sovereign wealth fund earmarks $750 mln for credit hedge funds

Posted on 26 May 2011

The Alaska Permanent Fund Corporation, a sovereign wealth fund set up to manage the state’s oil riches, has announced that it will make a $750 million allocation to credit funds. The new money will be allocated in 2012 across various funds that target corporate credit opportunities.
The board of the $42 billion fund also approved measures which give the entity greater flexibility in the way that it invests in credit hedge funds. It will now be able to invest through funds of funds and its executives will gain greater powers to approve investments……………………………………….Full Article: Source

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