By Deven Mitchell, CEO & Executive Director, Alaska Permanent Fund Corporation In the nearly 50 years since Alaskans overwhelmingly voted to create the Alaska Permanent Fund, it has become a globally recognized sovereign wealth fund and a household name for every Alaskan. It symbolizes the conservative nature and strength of character of our forebearers, who saved a portion of their …
Global Recognition for Investment Leadership
Where Values Meet Visibility: APFC in the News As stewards of the nation’s largest sovereign wealth fund, APFC’s in-house professionals are increasingly recognized for their insight and expertise. Over the past year, our team has been cited as subject matter experts in more than 80 nationwide and global media stories, reflecting not just what we do, but why we do …
APFC Leaders Share Insights for Young Professionals Considering a Career in Finance
APFC’s Chief Investment Officer Marcus Frampton and Chief Risk Officer Sebastian Vadakumcherry shared practical advice for aspiring finance professionals, emphasizing the importance of hard work, humility, and a willingness to take risks as key qualities for success in the field. Frampton encouraged young professionals to immerse themselves in the wealth of resources available, pointing to books by famed investor …
Q&A Video: APFC Leaders Discuss Asset Allocation and Risk Management Strategy
In a recent discussion, APFC’s Chief Investment Officer Marcus Frampton and Chief Risk Officer Sebastian Vadakumcherry provided insights into the Alaska Permanent Fund’s strategic approach to asset allocation and risk management. In this nine-minute video, Frampton and Vadakumcherry emphasize the importance of a long term perspective, free from non-financial or political bias, to ensure the Fund’s growth and sustainability for …
The Role of Co-Investments in the APFC Portfolio
APFC has been an active co-investor, having completed over 50 different investments over the last decade. This tool enables APFC to tactically deploy capital in a more attractive investment environment to drive stronger returns and asset growth. Unlike other groups that may have a formalized program or targeted deployment rate, APFC employs an opportunistic approach where we seek out interesting …
Opportunity and Execution, Asset Allocation at APFC
If there were a risk-free investment allocation in which the Alaska Permanent Fund could achieve its long-term return objective of 5% plus inflation, the Fund’s investment management would be relatively straightforward. Realistically, it is not possible to achieve this targeted return safely through any single investment or asset class. Before the 1980s, governments generally had more regulations related to investment …
Hedging against inflation with Global Rates
High inflation and rising interest rates have been making headline news for the past year. Inflation occurs for several reasons, but it doesn’t necessarily happen in every country to the same degree or at the same time. In 2022, while the US Federal Reserve and central banks worldwide began aggressively increasing interest rates to fight inflation, some countries saw more …
APFC and the business of taking risks
“The fundamental premise of risk management is accepting that there are inherent uncertainties in the longer-term pursuit of making money,” says Sebastian Vadakumcherry, APFC’s Chief Risk and Compliance Officer. “Understanding and appreciating how much an investor could expect to lose can lead to better investment decisions.” Most investment institutions have a target return or benchmark goal that they are trying …
Infrastructure, Changing the Definition
Changing the definition Investments in infrastructure, the backbone of those things societies depend on every day, have proven their ability to generate consistent revenues over the long term. Since 2007, APFC has been investing in infrastructure assets in the United States and internationally. The definition of infrastructure itself has continued to expand and evolve over the years. The asset class …
APFC’s Public Equities and the Advantage of Time
Empirical evidence shows that Public Equities investment outperformance is challenging to generate and sustain long-term. It requires a certain degree of skill, market perspective, and time. As with all of the Alaska Permanent Fund Corporation’s asset classes, the key objective of the Public Equities portfolio is to outperform its benchmark over time and across market cycles. Investing for the long …
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