The Board of Trustees held a Special Meeting on September 6-7, 2023 to discuss the FY25 budget proposal and upcoming working group initiatives, and an Audit Committee on September 7, 2023 to review the FY23 independent audit report and consider the internal audit functions. The Board also took action to authorize the FY24 budget authority to enter a lease for …

The financial statements for the beginning of the fiscal year 2024 (FY24) for the Alaska Permanent Fund are now available. As of July 31, 2023, the Alaska Permanent Fund has an unaudited total value of $75.7 billion. The value of the permanent deposits in the Principal is $56.5 billion with $12.4 billion of associated unrealized gains. The Earnings Reserve Account …

The Alaska Permanent Fund Corporation’s vision is to deliver outstanding returns for the benefit of all current and future generations of Alaskans. Accomplishing this vision requires skilled and capable professional staff, consistent discipline in adhering to long-term strategies, and durable accountability to our stakeholders.  It also requires the fortitude to be adaptable, to grow, and to set forth meaningful action. …

Trustee Jason Brune has been appointed by Governor Dunleavy to the four-year public seat on the Alaska Permanent Fund Corporation’s Board of Trustees.  We welcome the continuation of  Trustee Brune’s support of APFC and the investment of Alaska’s largest renewable financial resource. We also extend our sincere appreciation to outgoing Trustee Steve Rieger for his dedicated service to generations of …

The Alaska Permanent Fund Corporation is moving forward with a long-standing policy decision to open a satellite office in Anchorage as soon as possible to support the retention and recruitment of professional staff. Recruitment and retention have been challenging for many employers, including APFC. Opening an additional office in Anchorage, the state’s largest city will broaden the playing field by …

The Board would like to ensure Alaskans that APFC is committed to generating a maximum risk-adjusted return to benefit generations of Alaskans through prudent investments across a number of asset classes. Despite difficult market conditions, the Fund has earned positive returns this calendar year. Alaskans may not realize that the Earnings Reserve Account supports inflation-proofing the Principal for the future …

The Board of Trustees held a meeting in Anchorage and via webinar on July 12, 2023, to hear updates on portfolio activity, discuss the Anchorage office proposal, review the updated Personnel Management Plan, interview and select an Investment Advisory Group member, and further a strategic planning initiative. Financial results for the first two months of the fourth quarter were reflective …

Tatum Hines – Finance Ellie Knapp – Investments We are delighted to have two fellow Alaskans join us as our 2023 summer interns. We look forward to supporting your learning experience in stewardship of the Alaska Permanent Fund. HR Director Chad Brown shares, “The intern program here at APFC is something we’re incredibly proud of.  It provides a truly unique …

Kenai-Soldotna – The APFC Board of Trustees met in Kenai-Soldotna and via webinar on May 17-18, 2023 to adopt an update to APFC’s Asset Allocation and Investment Policy. Additionally, the Board discussed relevant risk parameters, the Private Equity asset class and private market pacing, the FY23 and FY24 operating budgets, an analysis of opening an APFC office in Anchorage, and …