Together, APFC’s resilient team of talented professionals continue to do the work that Alaskans, our global financial partners, and ourselves demand – Invest and manage the Alaska Permanent Fund for the intergenerational benefit of all Alaskans. Built on a strong foundation of knowledge and expertise, APFC is strengthened by the sum of its parts. Our culture incorporates the values that …
APFC’s Board of Trustees Seeks New Executive Director
News Release For Immediate Release: December 9, 2021 Contact: Paulyn Swanson 907.796.1520 APFC’s Board of Trustees Seeks New Executive Director Anchorage – After the review and completion of the annual Executive Director evaluation, the Board of Trustees of the Alaska Permanent Fund Corporation have decided to undertake a search for a new executive director to lead the Permanent Fund in …
APFC’s Board of Trustees Updated on the In-State Investment Program
APFC’s Board of Trustees Updated on the In-State Investment Program Anchorage – The Board of Trustees held its quarterly meeting in Anchorage and via webinar on December 8 – 9, 2021 to consider the Alaska Permanent Fund’s first-quarter investment performance and associated capital markets insights, the In-State Investment program, the role of Cash within the portfolio, and an update on …
Unraveling the complexity, settling trades in Trade Operations
When it comes to investments, how familiar are you with custody? A custodial relationship for investment management is a relationship in which a designated agent is given a layer of control to assist the owner in transacting and safekeeping their assets. The Permanent Fund’s stocks, bonds, treasuries and other investments aren’t physically or digitally stored in the APFC office in …
The Alaska Permanent Fund: Taking Care of Alaska and Alaskans for 45 Years
The late Governor Jay Hammond liked to dream big. He wanted to “transform oil wells pumping oil for a finite period into money wells pumping money for infinity.” His dream came true. Because of the Alaska Permanent Fund, Alaska is now the only State that earns much of its unrestricted general fund revenues from the global economy. Today, the Alaska …
APFC’s Board of Trustees Review Resolutions and Trustees Paper Vol. 9
Anchorage – The Trustees met in Anchorage and via Webinar to consider active Board Resolutions, review Trustees Paper Volume 9 and Sovereign Wealth Fund rules with Dr. Malan Reitveld. APFC bylaws require that Resolutions inform the establishment of investment policy and allow for direction related to long-term administrative and operating procedures. Included in resolutions about investment policies are the Board’s …
APFC Board of Trustees discusses Fiscal Year 2021 Performance at Annual Meeting in Kodiak
Kodiak – The Board of Trustees met to review the fiscal year 2021 (FY21) investment performance of the Alaska Permanent Fund (Fund), strategic and background information from several of APFC’s investment partners and members of the Investment Advisory Group, as well as electing corporate officers and approving a budget proposal which will be brought forth for inclusion in the FY23 …
Invested with Alaskans – APFC FY21 Annual Report
Forty-five years ago, visionary Alaskans voted to establish the Alaska Permanent Fund. As the Fund’s investment manager, the Alaska Permanent Fund Corporation works to benefit all Alaskans through our responsible stewardship of Alaska’s largest renewable financial asset. Under the guidance of the appointed Board of Trustees, with support from the Executive and Legislative branches for resources, and with reporting transparency …
Women in Finance
Diversification in action “I don’t think of finance as a man’s world,” reflects Angela Rodell, CEO of the Alaska Permanent Fund Corporation (APFC), “I think of finance as male-dominated – but it’s not their world.” It has long been understood that the best way to achieve the most stable, best performing, and sustainable investment returns is achieved through a diversified …
$81.9 B Final FY21 End of Year Permanent Fund Value
APFC Board of Trustees’ Audit Committee reviewed the FY21 audited financial statements confirming a fiscal year-end Fund value of $81.9 billion resulting from an all-time portfolio performance high-mark of 29.73% for the fiscal year ending June 30, 2021. Since its inception through FY21, the Permanent Fund has seen an annualized return of 9.12% and paid out more than $33.9 billion …