(FinAlternatives) Alaska’s Permanent Fund will pull the $2 billion it has allocated to liquid funds of hedge funds and will instead make the investment decisions for that capital internally.
Funds impacted by the decision include Crestline Investors, Mariner Investment Group and Lazard Asset Management, said Permanent Fund’s director of private markets Marcus Frampton in an interview with Bloomberg. Going forward, the fund’s alternatives team will reportedly choose which hedge funds will receive capital.
