The Alaska Permanent Fund’s (Fund) investments gained 1.24% during the first quarter of the fiscal year 2020 (FY20), and the Fund ended September 30, 2019, with total assets under management valued at $64.1 billion (unaudited).
… In assessing the Fund’s FY20 Q1 performance, APFC’s Chief Investment Officer Marcus Frampton, CFA, CAIA, FRM notes that: ” … In the context of turbulent markets and a constantly changing landscape, I am pleased with this performance and believe that the portfolio is well-positioned to outperform going forward.”
… For planning purposes, APFC references both a current fiscal year and a 10-year forecast for the projected return of the Fund that is provided by our performance consultant, Callan Associates. It is understood that there will be a wide range of returns delivered by each asset class to the total Fund performance over any given time. Callan Associates projects a total return of 7% over the next 10-year period for the portfolio that APFC has constructed for the Fund. … It is accepted that actual results for individual years will be higher and lower, but it is expected that they will average to 7% over the forecasted period of 10 years.
… Performance overviews and updates for each asset class will be presented by Callan Associates and APFC’s Directors to APFC’s Board of Trustees during their quarterly meeting on December 3-4, 2019, in Fairbanks. The public is welcome to attend the meeting in person or via webinar, and the agenda will be posted on apfc.org one week in advance of the meeting.