On June 30th, APFC finished Fiscal Year 2021 by recording an all-time high value for the Alaska Permanent Fund of $81.1 billion. Preliminary results indicate the Fund returned 29.73 %, a record strong performance as well. The unaudited results for the Fiscal Year show the Principal of the Fund, consisting of two parts, totaled $60.1 billion. The permanent savings contributions …
Looking Ahead at Fiscal Year 2022
July 1, 2021, marked the start of APFC’s 2022 Fiscal Year. As we set forth into the new Fiscal Year, following the timely resolution of the state’s operating budget, we recognize the commitment and continued professionalism of APFC staff who have been working diligently to support our fellow Alaskans. APFC remains fully operational and we continue to actively manage the …
APFC on Critical Services List
Work to resolve the status of the State of Alaska’s Fiscal Year 2022 budget continues; the administration has released a list of critical services. As per that list, should there be a government shutdown on July 1, 2021, the Alaska Permanent Fund Corporation will remain fully operational. Managing over $80 billion of financial assets requires a tremendous amount of diligence, …
APFC Prepares For Government Shutdown
Chief Executive Officer Angela Rodell announced today that the Alaska Permanent Fund Corporation (APFC) is taking steps to ensure that the Alaska Permanent Fund and money managed on behalf of the Alaska Mental Health Trust Authority are prudently overseen in the event of a government shutdown. The Chief Executive Officer and her staff have been diligently working to ensure that …
Trustee Craig Richards Reappointed to 4-year term
Governor Mike Dunleavy today announced the reappointment of Craig Richards to the Alaska Permanent Fund Corporation Board of Trustees for the term of July 1, 2021 to July 1, 2025. Trustee Richards served on the Board of Trustees from 2015 to 2016 and was reappointed in 2017. Craig Richards majored in finance at the University of Virginia, received his Masters …
$80 Billion Milestone Daily Fund Value
Today we take a moment to celebrate and reflect on our path through the global uncertainty, volatility and resilience we’ve seen over the past year. While Alaskans have stood strong together, as a state-wide community, we have adjusted and adapted our lives and our strategies to succeed in a changed world, and we are proud of our achievements. Our reason …
Trustees Assess Market Outlook and Opportunities for Real Estate
Juneau – The Board of Trustees held its quarterly meeting at the Elizabeth Peratrovich Hall in Juneau and simultaneously via webinar on May 19-20, 2021, to review the performance of the Alaska Permanent Fund through the third quarter of fiscal year 21 (FY21), review risk metrics, assess the capital markets outlook, incorporate updates in the investment policy, get an update …
APFC: Vision for Alaska’s Financial Anchor
As we observe the anniversary of the creation of the Alaska Permanent Fund Corporation this month, it is noteworthy to laud the vision and leadership of the past, and imperative in my opinion to look forward – to bring that same extraordinary vision, leadership, and forethought to the now, the near, and the far. It is now time for us …
APFC Adds Two Experienced Professionals to its Private Equity and Special Opportunities Team
The Alaska Permanent Fund Corporation has recently added two experienced professionals, Chirag H. Shah, Senior Portfolio Manager, and Nader Sohraby, Senior Associate, to its $13B+ Private Equity and Special Opportunities team. Steve Moseley, Head of Alternative Investments at APFC, said: “We are very excited that Chirag and Nader have joined us to expand our capabilities and help deliver excellent investment …
Board of Trustees Held Asset Allocation Workshop
APFC’s Board held a virtual workshop to review the long-term asset allocation plan for the Alaska Permanent Fund and the capital market projections provided by Callan, APFC’s general consultant. Asset allocation is a primary component of a long-term, risk-adjusted return and is based on strategic decisions: return objective, risk appetite, liquidity need, and resources. Angela Rodell, Chief Executive Officer, states …