APFC Accepting Applications for an Investment Advisory Group Member

In Uncategorized by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) is currently soliciting applications from professionals interested in serving on the Investment Advisory Group (IAG).

As a member of the IAG, you will have the unique opportunity to provide valuable insights to the APFC Board of Trustees in their role as fiduciaries of the Permanent Fund, which benefits generations of Alaskans.

The IRFP is available here.

Deadline for Responses:

Responses should be submitted in electronic format to procurement@apfc.org no later than 12 p.m., Alaska Time, on May 12, 2025.

To be considered for a seat on the IAG, a candidate shall:

  • Possess experience and expertise in financial investments and management of investment portfolios for public pensions, corporate or union benefit funds, family offices, foundations, or endowments.
  • Have provided similar services or acted as a CIO, CEO, or trustee to a large sovereign wealth fund, endowment, or trust fund (AUM greater than $1 billion).

Please review the IRFP for further details. If you have any additional questions, please contact the procurement team at procurement@apfc.org.

Click here to view the press release on Business Wire.

APFC CIO Marcus Frampton on Navigating Uncertainty

In Uncategorized by Juliette Alldredge

In a recent interview with Institutional Investor, APFC Chief Investment Officer Marcus Frampton shares how the Fund is navigating Alaska’s budget pressures, staying disciplined in volatile markets, and maintaining a global, long-term perspective.

Frampton discusses the importance of being contrarian when needed, the Fund’s defensive positioning, and why APFC may be better prepared than most in the current environment. He also reflects on the critical role the Fund plays as Alaska’s largest source of general-purpose revenue.

“We think we’re quite well prepared compared to where other investors may be,” – APFC CIO Marcus Frampton in Institutional Investor

Read the full interview at https://www.institutionalinvestor.com/article/2em1zzeuqowhw7v7jcgzk/portfolio/alaskas-cio-on-being-contrarian-facing-a-budget-crisis-and-staying-cool-to-headlines

The Benefits and Impact of Constitutionalizing the POMV

In Uncategorized by Paulyn

Adopting a Single-Fund Endowment Model with a constitutionally defined POMV limit that is aligned with a long-term real rate of return represents a forward-thinking solution that secures the future of the Alaska Permanent Fund.

By making this change, Alaska can uphold its commitment to intergenerational wealth, align with prudent investment standards, and provide stable annual distributions that are available for legislative appropriation to support both public services and the dividend program.

Learn more:

2025_The Benefits and Impact of Constitutionalizing the POMV

View Post

APFC Welcomes New Trustee John Binkley and Reaffirms Commitment to Strong Governance

In Board of Trustees by Juliette Alldredge

Juneau, Alaska — Feb. 14, 2025 — The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened for its quarterly meeting in Juneau and via Teams Webinar on February 12-13, 2025. Key discussions included the Fund’s performance, an in-depth review of the Real Estate asset class, and updates on compliance, governance, and the APFC’s youth education initiative.  The Trustees also welcomed a new member to the Board.

“We are pleased to welcome John Binkley to the Board,” said Chair Jason Brune. “As a lifelong Alaskan and dedicated public servant, John brings a wealth of experience to the Board. We look forward to his contributions and the work we will accomplish together.”

Partnership and Accountability

The 34th Alaska State Legislature’s presiding officers, Senate President Gary Stevens and Speaker of the House Bryce Edgmon, shared their insights on the vital partnership between the Legislature and APFC in the stewardship of the Fund. They emphasized the Fund’s importance in providing a stable revenue stream for the state and expressed building alignment for the recommendations to pursue a constitutional amendment that would establish a single account endowment with a draw limit for the Permanent Fund, as outlined in Trustees’ Paper # 10.

Click here to read the full press release.

View Post

APFC Releases the 2025 Mid Fiscal Year Review

In Uncategorized by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) announced the release of its 2025 Mid Fiscal Year Review. The report highlights the history of the Fund and APFC, the impact on the Earnings Reserve Account (ERA) over time, and APFC’s investment strategy and performance.

At the halfway point of FY25, the Alaska Permanent Fund stands at $79.6 billion, delivering an 8.71% annualized return since inception and a 10-year average return of 8.10%, demonstrating our commitment to delivering a long-term return for Alaska.

Click here to learn more.

APFC Welcomes John Binkley to the Board of Trustees

In Board of Trustees, News by Juliette Alldredge

APFC welcomes John Binkley, a lifelong Alaskan and Fairbanks businessman to the Alaska Permanent Fund Corporation’s Board of Trustees.

Trustee Binkley has been appointed by Governor Dunleavy to one of four public seats on the Board.

The Board of Trustees is charged with serving as fiduciaries for the Alaska Permanent Fund, Alaska’s largest renewable source of revenue.

The APFC Board is composed of six governor-appointed members. Per Alaska statute 37.13.050, two Trustees must be heads of principal departments of state government, and the other four seats are designated for public members, serving staggered, four-year terms.

APFC Board of Trustees Quarterly Meeting – February 12-13, 2025

In Uncategorized by Jennifer Thorsteinson

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on February 12-13, 2025 at the location identified in the agenda linked below. Agenda items include: Fund performance presentations, private and public markets overviews, Real Estate asset class presentation, and more. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.

The public is invited to attend this meeting in person, via Teams Webinar, or telephonically (please see the agenda for details). There will be an opportunity for public comment and participation on both days (times listed in the agenda).

*Please note that we have transitioned to using Teams Webinars for Board Meetings, which may require some extra time when registering for the first time. Please be aware of the change and allow yourself a few extra minutes.

February 12-13, 2025 APFC Board of Trustees Quarterly Meeting Agenda

February 12-13, 2025 APFC Board of Trustees Quarterly Meeting Packet

Investing in Alaska’s Future Leaders

In Uncategorized by Juliette Alldredge

Internship Opportunities with APFC – Apply Now!

Are you ready to kickstart your career in finance and investing? The Alaska Permanent Fund Corporation (APFC) is now accepting applications for our 2025 Internship Program!

Two interns standing in the APFC hallway

2024 Interns: Ardian Balazhi (Left) and Vera Bueler-Faudree (Right)

“At the start of my internship, I was uncertain how to best maximize my growth here and ensure I broadened my investment expertise. I know now that APFC is an extraordinary place to do that. The staff welcomed questions and generously devoted their time to my learning.” – Vera Bueler-Faudree, 2024 APFC Investments Intern.

Why Apply?

  • Gain hands-on experience in investment management, finance, and accounting.
  • Work alongside industry experts and receive daily mentorship.
  • Competitive pay: Check each description for pay as they can differ depending on where the internship is located.

Read More

APFC Welcomes 2025

In Uncategorized by Juliette Alldredge

We look forward to reaching new heights together in the year ahead.

As we welcome 2025, we’re grateful for the trust of Alaskans, as we work to build upon the legacy and vision of the Fund for the future of our state and our neighbors.

View Post

Highlights from 2024

In Uncategorized by Juliette Alldredge

In 2024, APFC delivered long-term value for Alaskans through impact,
mission-driven excellence, and strong governance.

Lasting Benefits for Alaskans:
At the end of FY24, the Fund’s investments had generated more than $87.8 billion in earnings since inception, supporting inflation-proofing, the PFD, and government services and programs.

Long-Term Impact:
APFC’s investment strategy delivers long-term results. Over the 10-year period ending in FY24, the total Fund achieved an 7.69% return, surpassing the performance benchmark of 5.45%.

Mission-Driven:
APFC was named as one of the Best Places to Work by Pensions & Investments and welcomed 5 talented new employees who share our values of integrity, stewardship, and passion.

Strong Governance:
The Board of Trustees approved updates to its governance, aligning APFC with industry best practices and ensuring that APFC remains at the forefront of investment management and oversight.