The Alaska Permanent Fund Corporation Board of Trustees considered a comprehensive agenda during their quarterly meeting in Anchorage on December 12 & 13, 2017. In addition to the quarterly review of performance, asset allocation activities, and management reports; their agenda included stress scenario analyses of proposed draws to the Earnings Reserve Account (ERA) and a panel discussion on building in-house …
Permanent Fund Increases Stake in High-tech Startup and Other Private Firms – Alaska Dispatch News
“…The fund’s investment in private companies has grown as managers look to diversify alongside a stock market that has risen for years, adding holdings that provide long-term promise and stability, said Angela Rodell, the fund’s CEO, on Friday. …” Download PDF
Permanent Fund Trustees Seek Inflation-Proofing Bill – Alaska Journal of Commerce
“The Alaska Permanent Fund Corp. Board of Trustees unanimously passed a resolution directing corporation executives to pursue legislation to strengthen inflation-proofing mechanisms for the corpus of the $61 billion Permanent Fund, and passed motions requesting an exemption from state procurement codes and to add up to 10 new employees to its Juneau headquarters. …” Download PDF
Advisers Recommend Permanent Fund Lower Its Expectations; Trustees Defer Action – Juneau Empire
“The Alaska Permanent Fund’s trustees are putting off advice from the fund’s advisers and staff to lower their expectations. …” Download PDF
Permanent Fund Corp. Earns 12.6% in FY17 – Alaska Journal of Commerce
“…The Alaska Permanent Fund Corp. achieved a 12.57 percent return on its namesake Fund during the 2017 fiscal year that ended June 30. The Permanent Fund ended the year with a record value of $59.8 billion. …” Download PDF
In Alaska, One Man Fights to Save Oil Fund As Reserves Dry Up – NPR, All Things Considered
“For 40 years, Alaska has been putting its oil money into a giant savings account. But now the oil — and the money — are drying up. …” Download PDF
Permanent Fund Corp. Headquarters to Undergo $4 Million Renovation – KTOO and Alaska Public Media
“The Alaska Permanent Fund Corp. will be renovating its headquarters in Juneau. Its goal is to modernize its offices and help its workers communicate more easily. It’s budgeted to cost $4 million. Supporters say it may be a small price for the state to pay if it makes a difference in growing the $60.7 billion fund. …” Download PDF
Permanent Fund’s Special Investments Do Right by Alaskans – Alaska Dispatch News
“Every morning, I pass by words engraved physically on our wall but, more importantly, philosophically at our core. “Maximize the value of Alaska’s Permanent Fund through prudent long-term investment and protection of principal to produce income to benefit all generations of Alaskans.” These words embody the mission that inspires my 41 colleagues to do what we do best: partner with …
How Alaska Decided to Give Its Oil Wealth to Everyone in the State | MIDNIGHT OIL: Episode 05 – Alaska’s Energy Desk
“… They thought they would get a couple million dollars from the auction — maybe 10 — but those lease sales made $900 million — nine times the state’s entire budget for that year. Alaska’s lawmakers had a choice: save it or spend it. What did they do? …” Download PDF