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Article: Klukwan expands. (Klukwan Inc. buys Rainier Investment Management)
- Article from:
- Alaska Business Monthly
- Article date:
- June 1, 1991
CopyrightCOPYRIGHT 1991 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Klukwan Expands. Participating in a team of investors, the Juneau-based Native village corporation Klukwan Inc. purchased Rainier Investment Management, a subsidiary of Seattle-based Security Pacific Bancorporation Northwest. The spring 1991 acquisition by Klukwan, in partnership with RIM's management group, gives Rainier Investment Management the status of a minority-owned business, which makes the firm eligible to manage certain federally mandated investment funds.
Federal regulations require a portion of public retirement funds - from Alaska teachers, government employees and large companies with direct federal contracts - to be set aside for investment by a ...