Net Interest · 6 November 2026

The Insatiable Demand for Alpha

Marc Rubinstein

Alaska's $88B sovereign wealth fund shifted from underperforming hedge fund-of-funds to direct manager selection in 2016, achieving 6.7% annualized returns with no down years. The fund now faces a core tension: its best performers are capacity-constrained, limiting how much capital it can allocate to absolute-return strategies.

Read the full post on Net Interest ↗

Topics: Venture Capital & Startups · Banking & Capital Markets

Published by Net Interest · their site ↗

More from Net Interest

SandHill indexes 800+ venture capital blogs and newsletters and sends the best of them every Sunday. Browse the sources · browse by topic · read the blog.