The Alaska Permanent Fund Corporation Board of Trustees considered a comprehensive agenda during their quarterly meeting in Anchorage on December 12 & 13, 2017. In addition to the quarterly review of performance, asset allocation activities, and management reports; their agenda included stress scenario analyses of proposed draws to the Earnings Reserve Account (ERA) and a panel discussion on building in-house management capabilities.
The Alaska Permanent Fund Corporation (APFC) will hold its Quarterly Meeting of the Board of Trustees on December 12-13, 2017 in Anchorage, AK. The public is invited to attend this meeting in-person or by teleconference; there will be an opportunity for public comment and participation. Agenda items include: A risk and asset allocation overview, asset class updates, a performance report from Callan Associates, a compensation review, as well as a panel discussion on the opportunities and limitations for internal management of fund assets.
“…The fund’s investment in private companies has grown as managers look to diversify alongside a stock market that has risen for years, adding holdings that provide long-term promise and stability, said Angela Rodell, the fund’s CEO, on Friday. …”
“The Alaska Permanent Fund Corp. Board of Trustees unanimously passed a resolution directing corporation executives to pursue legislation to strengthen inflation-proofing mechanisms for the corpus of the $61 billion Permanent Fund, and passed motions requesting an exemption from state procurement codes and to add up to 10 new employees to its Juneau headquarters. …”
“The Alaska Permanent Fund’s trustees are putting off advice from the fund’s advisers and staff to lower their expectations. …”
Juneau – The Board of Trustees reviewed the fiscal year 2017 (FY17) investment performance of the Alaska Permanent Fund (Fund), considered capital market projections and approved measures to advance the strategic mission of the Alaska Permanent Fund Corporation during their Annual Meeting on September 27 and 28, 2017 in Juneau. Chief Executive Officer, Angela Rodell, stated “our constitutional mandate requires us to invest the Fund in perpetuity for all generations of Alaskans. The Board of Trustees has put in place tools and measures which recognize the climate we find ourselves in and allow us to continue on a path of success.”
The Alaska Permanent Fund Corporation will hold its Annual Meeting of the Board of Trustees on September 27-28, 2017 in Juneau, AK. The public is invited to attend this meeting in-person or via teleconference, please see the agenda for more information.
“…The Alaska Permanent Fund Corp. achieved a 12.57 percent return on its namesake Fund during the 2017 fiscal year that ended June 30. The Permanent Fund ended the year with a record value of $59.8 billion. …”
“For 40 years, Alaska has been putting its oil money into a giant savings account. But now the oil — and the money — are drying up. …”