The 30-foot-tall totem pole outside the Michael J. Burns building came down today, following the two indoor poles that were already removed. Tlingit artists Ray Peck and Jim Marks carved the Legends and Beliefs, Creation of Killer Whale and Strongman totems, in addition to the fifteen bronze sculptures affixed to the outside of the building. “We’re honored to have been …
Informal Request for Proposals – Governance Consultants
The Alaska Permanent Fund Corporation posted an Informal Request for Proposals (IRFP) to the State of Alaska’s Online Public Notice (OPN) system seeking information from governance consultants to assist in the periodic review of existing APFC governance policies. APFC governance policies call for a review every three years. While this review has traditionally been carried out internally, the Board of …
APFC’s Board of Trustees Q3 Meeting Overview
Ketchikan – The Board of Trustees held its quarterly meeting in Ketchikan and via webinar on May 18-19, 2022, to consider the Alaska Permanent Fund’s third-quarter investment performance, associated capital markets insights, asset class updates, and a pacing plan for alternative markets. Updates to the Investment Policy and Governance Manual were also considered and adopted. In his hometown of Ketchikan, …
FY22 Mid-Fiscal Year Review
Under the leadership of Acting Executive Director Valerie Mertz and Chief Investment Officer Marcus Frampton, the Alaska Permanent Fund is managed and invested by the skilled and capable staff of APFC. ”As professionals, we adhere to our mission to protect and grow the Fund.” Says Valerie Mertz, “Our main objective remains unchanged.” Together, APFC strives to exceed all benchmarks for …
Permanent Fund closes record year at historic high value
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 …
How is the Alaska Permanent Fund Structured?
The Alaska Permanent Fund Corporation emphasizes transparency in everything we do, and we want Alaskans to know how to manage the Fund and what we’re planning for the future. Watch this short video that explains how it works and how it’s used to benefit all Alaskans.
APFC Audit Committee Meeting & Budget Work Session
The Alaska Permanent Fund Corporation (APFC) will hold its Audit Committee and Board of Trustee Budget Work Session on September 6th, 2018 in Anchorage, AK. The public is invited to attend the meetings in-person or by teleconference; the Audit Committee Meeting agenda will provide an opportunity for public comment and participation. SEP06 APFC Budget Work Session Board Packet SEP06 Audit …
Five rules for investment from Alaska’s Permanent Fund Corporation – KTOO, Alaska’s Energy Desk
“…Alaska’s Permanent Fund Corporation invests billions in private companies … how do they pick the next big winner out of a sea of potential companies …” Download PDF
APFC Board of Trustees Evaluate Performance and Internal Management Opportunities
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 …