Alaska Permanent Fund picks Russell for $640m fundamental indexing brief - UPDATED

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US - Russell Investments has landed a $640m mandate from the Alaska Permanent Fund for its Russell Fundamental Developed Large Company Index, the first mandate win for the firm in its new suite of fundamental indices.

The sovereign wealth fund has moved assets out of a market-cap weighted strategy previously run by State Street Global Advisors. Ken O'Keeffe, Managing Director, Indexes at Russell Investment c...

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