May 28, 2026
VALDEZ, Alaska – May 28, 2026 – The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees convened its quarterly meeting on May 26 and 27, 2026, in Valdez and online. Trustees approved the Corporation’s Investment Policy Statement for FY27, adopted updates to the Governance Manual, and authorized budget expenditure. Additionally, APFC staff shared details on Fund performance, an overview of the Absolute Return portfolio, and updates on communications.
As the Alaska Permanent Fund marks its 50th anniversary, APFC is proud to be in Valdez, a community vital to the Trans Alaska Pipeline and the Fund’s royalty wealth. Board Chair Jason Brune and Executive Director/Chief Executive Officer Deven Mitchell participated in the May 26 Valdez City Council meeting to update local leaders and residents about the Fund’s significance in our state. Additionally, trustees and staff toured Alyeska Pipeline Services Valdez Marine Terminal and met with the facility’s staff to recognize their contributions to the Fund and Alaska.
“We are deeply grateful to the community of Valdez for their warm welcome,” said Chair Brune. “The Permanent Fund belongs to every Alaskan, and by engaging with communities across Alaska, we reaffirm our responsibility to be transparent and accountable stewards of the Permanent Fund, Alaska’s greatest financial resource.”
