The Board of Trustees held its quarterly meeting in Juneau, Alaska on February 21-22, 2018. At that meeting, the Board reviewed the mid fiscal year 2018 (FY18) investment performance of the Alaska Permanent Fund (Fund), assessed the position of the portfolio given recent market volatility, discussed establishing a Real Assets allocation, and reviewed the eCIO program. …
… While the Fund saw tremendous growth in value throughout the first two quarters of this fiscal year and reached an all-time high in January, it was countered by volatile market conditions in February. Despite the recent market volatility, value of assets under management is up more than $550 million since the December 31, 2017 and up by approximately $4.8 billion since the beginning of the fiscal year. Chair Moran noted that “the recent market conditions affirm the importance of APFC’s diversified approach to investing. This structure is designed to meet our long-term return objectives without undertaking excessive short-term market risk in the process.” …