APFC Welcomes Trustee Rubenstein and Trustee Brune

In Uncategorized by Adam Kane

The Alaska Permanent Fund Corporation (APFC) welcomes Gabrielle “Ellie” Rubenstein and Alaska Department of Environmental Conservation Commissioner Jason Brune to the APFC Board of Trustees. Their service on the Board commences on July 1, 2022. As CEO and Co-Founder of an investment firm, Trustee Rubenstein brings extensive private equity, investment management and corporate experience to the Board. Trustee Rubenstein also …

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APFC’s Public Equities and the Advantage of Time

In APFC Perspectives by Adam Kane

Empirical evidence shows that Public Equities investment outperformance is challenging to generate and sustain long-term. It requires a certain degree of skill, market perspective, and time. As with all of the Alaska Permanent Fund Corporation’s asset classes, the key objective of the Public Equities portfolio is to outperform its benchmark over time and across market cycles. Investing for the long …

APFC’s Board of Trustees Q3 Meeting Overview

In Board of Trustees, News by Adam Kane

Ketchikan – The Board of Trustees held its quarterly meeting in Ketchikan and via webinar on May 18-19, 2022, to consider the Alaska Permanent Fund’s third-quarter investment performance, associated capital markets insights, asset class updates, and a pacing plan for alternative markets. Updates to the Investment Policy and Governance Manual were also considered and adopted. In his hometown of Ketchikan, …

Board of Trustees Respond to LB&A on Investigation

In Uncategorized by Adam Kane

The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) is committed to service to the State of Alaska and Alaskans and maintaining the highest standards in the management and investment of the Alaska Permanent Fund. As fiduciaries, our decisions are, and must be, driven by and consistent with the best interests of the Alaska Permanent Fund, which, in …

Board of Trustees’ Response to Ongoing LB&A Investigation

In Uncategorized by Adam Kane

As Alaskans, we can all agree that the investment and management of the Alaska Permanent Fund must be held to the highest of standards – those of fiduciary duty, uncompromising integrity, political independence, and straightforward accountability. In accordance with these standards, the Alaska Permanent Fund Corporation, our Trustees and our Staff are fully committed to the long-term interests of the …

APFC Requests Proposals from Executive Search Firms

In Uncategorized by Adam Kane

On Tuesday, March 22nd, APFC posted a Request for Proposal (RFP) as part of a competitive solicitation for proposals from executive search firms to assist the APFC Board of Trustees in recruiting and selecting a new Executive Director. The Board of Trustees and a Recruitment Committee will rely on the procured firm to develop and execute the steps for conducting …

APFC Board of Trustees Hears the Call to Action on Behalf of Ukraine

In Uncategorized by Adam Kane

APFC Summary of Russian Holdings Together with our fellow Alaskans, the Board and Staff of APFC are bearing witness to the suffering, the fortitude, the resiliency, and the sheer bravery of the Ukrainian people and are hearing the call to action. The ongoing crisis and tragedy resulting from Russia’s undeniable and merciless assault on Ukraine warrant a global and Alaskan …

APFC’s Statement on Russia and Ukraine

In Uncategorized by Adam Kane

The Alaska Permanent Fund Corporation is keenly aware of the developing situation with regards to Russia and Ukraine, and is assessing impacts to the portfolio during these dynamic and unpredictable times. APFC is closely monitoring the events that are still unfolding with regards to Russia and is analyzing the appropriate response.  

APFC’s Board of Trustees Q2 Meeting Overview

In Uncategorized by Adam Kane

Juneau – The Board of Trustees held its quarterly meeting in Juneau and via webinar on February 16-17, 2022, to consider the Alaska Permanent Fund’s second-quarter investment performance, associated capital markets insights, updates on the Public Equities portfolio from internal and external managers, perspectives on risk and associated thresholds, and a discussion on the portfolio’s annual asset allocation. The Alaska …

FY22 Mid-Fiscal Year Review

In News, Uncategorized by Adam Kane

Under the leadership of Acting Executive Director Valerie Mertz and Chief Investment Officer Marcus Frampton, the Alaska Permanent Fund is managed and invested by the skilled and capable staff of APFC. ”As professionals, we adhere to our mission to protect and grow the Fund.” Says Valerie Mertz, “Our main objective remains unchanged.” Together, APFC strives to exceed all benchmarks for …