The Alaska Permanent Fund has removed Pacific Alternative Asset Management Company (Paamco) from its hedge fund investment portfolio, HFMWeek reports. The California-based fund-of-hedge-funds firm stopped handling the $40 billion fund’s assets at the end of March.
The move follows the fund’s decision to prune the number of managers for better performance. The permanent fund’s portfolio is now managed by Lazard Alternatives, Mariner Investment Group and Crestline Investors.
Click here for the story from HFMWeek.
