Alaskan SWF Announces Emerging Market Finalists

Increasingly, sovereign wealth funds and public asset owners desire added exposure to emerging markets. The Alaska Permanent Fund announced four emerging market equities mandates have been awarded. Each mandate is for US$ 100 million. The search started in May 2013 with a target completion date of November 29, 2013.

To fund the new mandates, selective rebalancing with existing mandates will occur.

The winners include:

  • William Blair (Growth)
  • JP Morgan (Growth)
  • Lee Munder Capital Management (Value)
  • Delaware Investments (Value)

Alaska Permanent Fund – Current Emerging Market Managers

Emerging Market Managers Market Value (Millions USD) Last 12 Months – Returns (10/31/2013)
Capital Guardian EMGF 1,205.9 7.78%
Mondrian Investment Partners 790.3 4.17%
SSgA MSCI Emerging Markets 1,544.1 6.29%
Benchmark – MSCI Emerging Markets Index   6.90%

Source: Alaska Permanent Fund Corporation – October Report 2013, 10/31/2013

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