Principal & ERA: Yearly Shifts Explained Understanding the Fund’s structure is crucial, particularly the difference between the portion categorized as Principal and the Earnings Reserve Account (ERA). The start of each fiscal year brings a significant change in reported values, as the Percent of Market Value (POMV) transfer is moved out of the ERA to support state services and the …
APFC Board Approves FY25 Audited Financials and Forwards the FY27 Budget Proposal
The Alaska Permanent Fund Corporation (APFC) Board of Trustees held meetings on September 4th to review and approve the annual audited financial statements and advance the FY27 budget proposal to support core talent, security, and investment priorities.
APFC Featured in a Bloomberg’s Podcast on “Lessons from the One Sovereign Wealth Fund in the U.S.”
On Monday, August 18, 2025, APFC was featured on Bloomberg’s Odd Lots, a top-ranked investing podcast. In the podcast, APFC CEO Deven Mitchell and CIO Marcus Frampton sat down with hosts Joe Weisenthal and Tracy Alloway to discuss the Alaska Permanent Fund’s origin, evolution, and the role it plays in the state’s fiscal future. What sets the Alaska Permanent Fund …
The Key to a Stronger Fund: Diversification
By Deven Mitchell, CEO & Executive Director, Alaska Permanent Fund Corporation In the nearly 50 years since Alaskans overwhelmingly voted to create the Alaska Permanent Fund, it has become a globally recognized sovereign wealth fund and a household name for every Alaskan. It symbolizes the conservative nature and strength of character of our forebearers, who saved a portion of their …
The Value of Purpose-Driven Talent
In a recent Chief Investment Officer article, “How Asset Owners Are Attracting Talent—and Their Issues Doing So,” APFC CEO Deven Mitchell discusses what motivates top investment talent to join institutional allocators located beyond Wall Street or other major metro finance centers. From meaningful missions to unique career acceleration, Mitchell highlights why organizations like APFC continue to attract professionals who value …
APFC Board Examines Asset Allocation, Approves Targeted Portfolio Adjustments
Sitka, Alaska—The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held its quarterly meeting and the Ethics, Audit, & Cybersecurity Committee meeting in Sitka and via webinar on May 28 and 29. During the Board meeting, the Trustees reviewed the Fund’s asset allocation study, approved the FY26 operating budget alongside Board Resolution 25-01, and advanced strategic shifts within …
Foundational Principles for Public Funds in ‘Pensions & Investments’
APFC’s CIO, Marcus Frampton, and Chief Risk & Compliance Officer Sebastian Vadakumcherry were recently featured in Pensions & Investments, outlining five key principles for public fund investors navigating today’s market. From resisting short-term distractions to reinforcing capital preservation, their perspective highlights why discipline, diversification, and long-term focus remain critical for public funds. Subscribers can read the full piece here: https://www.pionline.com/industry-voices/commentary-5-things-public-fund-investors-should-keep-mind-todays-market
Global Recognition for Investment Leadership
Where Values Meet Visibility: APFC in the News As stewards of the nation’s largest sovereign wealth fund, APFC’s in-house professionals are increasingly recognized for their insight and expertise. Over the past year, our team has been cited as subject matter experts in more than 80 nationwide and global media stories, reflecting not just what we do, but why we do …
APFC FY25 Q3 Performance Snapshot: Steady Gains Despite Volatility
The Alaska Permanent Fund earned a 4.55% return as of March 31, 2025, three quarters into the fiscal year. “I am pleased that APFC’s active investment management approach has added value against the performance benchmark we have been assigned both in the short term (FYTD) and the longer time horizon that we manage portfolios against (5-year). In this period of …
APFC Accepting Applications for an Investment Advisory Group Member
The Alaska Permanent Fund Corporation (APFC) is currently soliciting applications from professionals interested in serving on the Investment Advisory Group (IAG). As a member of the IAG, you will have the unique opportunity to provide valuable insights to the APFC Board of Trustees in their role as fiduciaries of the Permanent Fund, which benefits generations of Alaskans. The IRFP is …