15.07.2011 - Alaska Permanent Fund picks Russell for $640mln fundamental indexing brief
Russell Investments has landed a $640m mandate from the Alaska Permanent Fund for its Russell Fundamental Developed Large Company Index, the first mandate win for the firm in its new suite of fundamental indices. The sovereign wealth fund has moved assets out of a market-cap weighted strategy previously run by State Street Global Advisors. Ken O'Keeffe, Managing Director, Indexes at Russell Investment confirmed this was the firm's first mandate win into these indices since their launch four months ago but said pension funds in both the US and Europe have shown interest. The firm runs 24 indices within the suite..............................................Full Article: Source
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