2020 Limited Partner of the Year in North America by PEI

In Uncategorized by Paulyn

APFC is honored for the recognition as the 2020 Limited Partner of the Year in North America by the global magazine Private Equity International for our ability to invest in private equity effectively. This award is highly regarded in the financial industry, and this is the third year that our team has won, having also been recognized by our peers …

Angela Rodell Elected Chair of the PPI Board

In Board of Trustees, Uncategorized by Paulyn

APFC congratulates Angela Rodell on being elected Chair of the Pacific Pension & Investment Institute’s (PPI) Board of Directors. CEO Angela Rodell was elected to serve as the Chair during PPI’s Annual Meeting on February 24, 2021. “Angela is deeply respected among her investment peers and the global PPI Community. She has brought tremendous insight to PPI’s board, and we …

Trustees Adopt Risk Tolerance Metrics for Long-Term Investment Management

In Board of Trustees, Uncategorized by Paulyn

Juneau – The Board of Trustees held its quarterly meeting via webinar on February 17-18, 2021 to consider the Alaska Permanent Fund’s mid-fiscal year performance, assess risk appetite for the portfolio, review capital markets insights, and assess the long-term asset allocation. The Board adopted a quantitative risk metric to support its comprehensive asset allocation review. APFC’s risk appetite is defined …

The Fund At-A-Glance

In Uncategorized by Paulyn

Want to know more about the Fund’s mid-fiscal year 2021 values, as well as more about the Fund’s history, its structure, and APFC’s stewardship role? Get informed – At-A-Glance – PDF At-A-Glance – On the Web

Notice of APFC Regulation Changes

In Board of Trustees, Uncategorized by Paulyn

APFC’s investment authority under AS 37.13.120 (a) Investment Responsibilities requires the Board of Trustees to adopt regulations “specifically designating the types of income-producing investments eligible for investment of fund assets” in accordance with the prudent investor rule. AS 37.13.206 Regulations guides this process, including the public notice requirements. APFC is proposing to amend the regulation regarding the investment of permanent …

Trustees Review First Quarter Performance and Consider Capital Market Insights

In Board of Trustees, Uncategorized by Paulyn

Juneau – The Board of Trustees held its quarterly meeting via webinar on December 9-10, 2020 to consider the Alaska Permanent Fund’s first-quarter investment performance and associated capital markets insights. … Marcus Frampton, Chief Investment Officer, recognizes that “the expected return environment for institutional portfolios today are challenged by high stock valuations and low-interest rates that are prevailing.  Staff’s two …

Opinion Piece from APFC’s Board of Trustees

In Board of Trustees, Uncategorized by Paulyn

Trustees Explore Best Practices to Sustain the Permanent Fund With the State relying on the Alaska Permanent Fund’s realized earnings for more than 70% of its unrestricted general funds, the Alaska Permanent Fund Corporation’s Board of Trustees is keenly focused on the Fund’s ability to provide both enduring intergenerational equity and reliable income-generation. This paradigm brings its own set of …

APFC’s Board of Trustees Annual Meeting 2020

In Board of Trustees, Uncategorized by Paulyn

The Board of Trustees reviewed the fiscal year 2020 (FY20) investment performance of the Alaska Permanent Fund (Fund), approved a budget proposal to bring forth for inclusion in the FY22 operating budget, considered an overview of risk as it relates to the portfolio, and accepted the Annual Audit presented by KPMG. Angela Rodell, Chief Executive Officer, notes in reaction to …

July 31 Financial Statements

In Uncategorized by Paulyn

Start of FY21 financial statements for the Alaska Permanent Fund are now available. As of July 31, 2020, the Alaska Permanent Fund has an unaudited total value of $63.6 billion. The Principal value is $53.3 billion; which includes $46.6 billion in constitutionally protected deposits $6.7 billion in unrealized gains The value of the Earnings Reserve Account (ERA) is $10.3 billion; …

June 30 Financial Statements Revision

In Uncategorized by Paulyn

The  June 30, 2020 financial statements for the Alaska Permanent Fund have been revised.  The revision reflects an increase in the Fund’s unrealized gains for private market holdings based upon the most recent valuation information available. Based on the revised, June 30, 2020 financial statements at the fiscal year-end 2020, the Alaska Permanent Fund had a total value of $65.3 …