HFM – The board of trustees for the Alaska Permanent Fund Corporation (APFC) has changed its absolute return policy to allow the $36.5bn sovereign wealth fund to bypass so called ‘gatekeepers’ and invest directly in hedge funds.
APFC has not been investing in funds of hedge funds (FoHF), stated a spokesperson, rather it employs managers to tailor institutional mandates solely for the fund under a managed account structure.
