27.02.2009 - Fund fall forces Alaska to shelve alternatives plans

From IPE: The Alaska Permanent Fund Corporation (APFC) Board has scrapped some of its alternative investment plans following the corporation’s decline in value in 2008. The APFC has abandoned plans to invest $250m (€196m) in the Alinda Infrastructure Fund II and $400m in a mid-cap private equity fund managed by Pathway as part of its reviewed investment strategy to focus more on core asset classes after dropping approximately $10.01bn in value to $29.29bn..... Full Article: Source

Print