Juneau, Alaska — Dec. 11, 2024 — The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened for its quarterly meeting in Juneau and via Teams Webinar on December 10-11, 2024. Key discussions included the Fund’s performance, an in-depth review of the Absolute Return asset class, and updates on compliance, governance, and operations. “This meeting provided an opportunity …
2024 Best Places to Work in Money Management
The Alaska Permanent Fund Corporation (APFC) was recognized by Pensions & Investments as one of the “Best Places to Work in Money Management.” The 13th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry who demonstrate a commitment to building a strong workplace culture. “The recognition is a source of …
APFC Leaders Share Insights for Young Professionals Considering a Career in Finance
APFC’s Chief Investment Officer Marcus Frampton and Chief Risk Officer Sebastian Vadakumcherry shared practical advice for aspiring finance professionals, emphasizing the importance of hard work, humility, and a willingness to take risks as key qualities for success in the field. Frampton encouraged young professionals to immerse themselves in the wealth of resources available, pointing to books by famed investor …
Q&A Video: APFC Leaders Discuss Asset Allocation and Risk Management Strategy
In a recent discussion, APFC’s Chief Investment Officer Marcus Frampton and Chief Risk Officer Sebastian Vadakumcherry provided insights into the Alaska Permanent Fund’s strategic approach to asset allocation and risk management. In this nine-minute video, Frampton and Vadakumcherry emphasize the importance of a long term perspective, free from non-financial or political bias, to ensure the Fund’s growth and sustainability for …
APFC Releases 2024 Annual Report
The Alaska Permanent Fund Corporation (APFC) announced the release of its 2024 Annual Report, “Illuminating the Future.” The establishment of the Fund and Corporation was and remains visionary—to secure Alaska’s financial future through the prudent and diversified investment of a portion of our state’s resource-based wealth. The report highlights a year of disciplined management, significant growth, and prudent investment strategies. …
The Board of Trustees Holds Budget Work Session and Audit Committee Meetings
JUNEAU – The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees held a Budget Work Session and Audit Committee Meeting in Juneau, Alaska, and via Teams webinar on September 5, 2024. Budget Work Session During the Budget Work Session, the Trustees reviewed and discussed the proposed elements of the Fiscal Year 2026 APFC Budget presented by staff. The feedback received …
Beyond the Numbers: What Key Financial Statements & Balance Report Mean for Alaskans
JUNEAU – The Alaska Permanent Fund Corporation (APFC) is pleased to provide the preliminary end of FY24 financial statements and the beginning of the FY25 Fund Balance Report. As of June 30, 2024, the end of FY24, the Alaska Permanent Fund has an unaudited total value of $80.3 billion. The value of the permanent savings in the Principal is $58.4 …
APFC Board Elects Officers, Takes Steps to Strengthen Governance
FAIRBANKS, Alaska – The Board of Trustees of the Alaska Permanent Fund Corporation (“APFC”) held a meeting in Fairbanks and via Teams Webinar on July 24, 2024. Board action items included the approval of APFC’s Investment Policy Statement (IPS), which includes the new FY25 asset allocation and adoption of additional staff-proposed edits. Following reports from the Audit and Governance Committees …
APFC Governance Committee Advances Modernization Efforts
JUNEAU, AK — The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees Governance Committee convened today to advance ongoing efforts to modernize and enhance the Corporation’s governance practices. The committee reviewed recommendations to communications and governance policies, including updates to investment advisory, audit, cybersecurity, and communications protocols. The recommendations aim to align APFC’s governance framework with industry best practices and …
A New Fiscal Year: Committed Revenue
June 30th marked the end of Fiscal Year 2024. At the end of July, the preliminary, unaudited FY24 financial statements will be available online at apfc.org/report-archive. July 1st marked the beginning of Fiscal Year 2025. At the start of each fiscal year, APFC commits funding for the Percent of Market Value (POMV) draw for the following year – in this …