Institutional Investors

Alaska beefs up Crestline portfolio for long/short play


The $20 billion Alaska Retirement Management Board has revised its absolute return investment policies and procedures, and has added some additional long/short equity exposure to the Crestline portfolio, according to meeting minutes.

Crestline saw an additional $33 million in its fund of hedge funds portfolio. A newly approved investment policy at Alaska calls for investment with limited liability in a “fund of one” that invests exclusively in a diversified portfolio managed by an investment manager and comprises limited liability entities. In¬vestments in one or more funds of funds are also within the programme’s