Scientific Beta

Pensions & Investments: "According to meeting materials, the recommendation is the result of the staff believing "prospective performance can be improved and the manager structure simplified by collapsing the existing set of internally managed and externally managed strategies into the following internally managed mandates: S&P 900, S&P 600, Scientific Beta U.S. MBMS 4-Factor EW and the domestic equity pilot portfolio."

Pensions & Investments 03/07/2019

"(...) Alaska Retirement Management Board, Juneau, terminated 19 external money managers with portfolios totaling just less than $2.4 billion, said Stephanie Alexander, liaison officer, in an email. (...) The staff recommended the terminations because of "high correlation and underperformance, combined with a relatively expensive fee structure," according to board meeting materials. (...) The terminations were the result of the staff's review of the board's overall $5.8 billion domestic equity allocation. According to meeting materials, the recommendation is the result of the staff believing "prospective performance can be improved and the manager structure simplified by collapsing the existing set of internally managed and externally managed strategies into the following internally managed mandates: S&P 900, S&P 600, Scientific Beta U.S. MBMS 4-Factor EW and the domestic equity pilot portfolio." (...)"