Juneau – The Board of Trustees held its quarterly meeting via webinar on December 9-10, 2020 to consider the Alaska Permanent Fund’s first-quarter investment performance and associated capital markets insights. … Marcus Frampton, Chief Investment Officer, recognizes that “the expected return environment for institutional portfolios today are challenged by high stock valuations and low-interest rates that are prevailing. Staff’s two …
Opinion Piece from APFC’s Board of Trustees
Trustees Explore Best Practices to Sustain the Permanent Fund With the State relying on the Alaska Permanent Fund’s realized earnings for more than 70% of its unrestricted general funds, the Alaska Permanent Fund Corporation’s Board of Trustees is keenly focused on the Fund’s ability to provide both enduring intergenerational equity and reliable income-generation. This paradigm brings its own set of …
Alaskans’ Guide to the Permanent Fund
As one of the most important sources of funding for Alaska’s state government, the Permanent Fund is the subject of great interest to Alaskans. As with any large, complex financial mechanism, public and legislative discussion of the Permanent Fund can get overly technical and challenging to understand by people who are not financial experts. We are pleased to publish this …
APFC Board of Trustees Risk Workshop
The Alaska Permanent Fund Corporation (APFC) will hold a Board of Trustees Risk Workshop on November 5, 2020 telephonically. The public is invited to attend this meeting by webinar. Please see the Packet (linked below) for information. The agenda item is informational only, no board action will take place. Risk Workshop Packet_BOT_2020.11.05
How Does APFC Make Money for Alaska?
Stocks and bonds are just two of the ways we invest the Permanent Fund to make money for Alaska and grow the Fund. Watch this video to learn more about what we invest in – and don’t be surprised if it’s somewhere you’ve been.
What is the Alaska Permanent Fund?
The Permanent Fund can be tricky to understand. As a corporation dedicated to managing this fund, we put together a video to help you understand Alaska’s greatest financial asset – and where it came from. Check back later because we’re putting together videos on a series of topics to help you understand the Fund, its role in Alaska and more!
2020 Annual Report is available
Fiscal year 2020 started out very promising but by midyear the Fund’s investment staff decided to shift to a more conservative position with an overweight in asset allocation to bonds and cash. This proved to be a very prescient move when global markets crashed in March due to the COVID-19 pandemic. Through prudent management and opportunistic positioning, the Fund recovered most …
July 31 Financial Statements
Start of FY21 financial statements for the Alaska Permanent Fund are now available. As of July 31, 2020, the Alaska Permanent Fund has an unaudited total value of $63.6 billion. The Principal value is $53.3 billion; which includes $46.6 billion in constitutionally protected deposits $6.7 billion in unrealized gains The value of the Earnings Reserve Account (ERA) is $10.3 billion; …
June 30 Financial Statements Revision
The June 30, 2020 financial statements for the Alaska Permanent Fund have been revised. The revision reflects an increase in the Fund’s unrealized gains for private market holdings based upon the most recent valuation information available. Based on the revised, June 30, 2020 financial statements at the fiscal year-end 2020, the Alaska Permanent Fund had a total value of $65.3 …
APFC Welcomes Trustee Ethan Schutt to the Board of Trustees
Trustee Schutt brings a wealth of knowledge, service to Alaska, and investment experience to APFC’s Board. Mr. Schutt is a life-long Alaskan who currently serves as the chief executive officer of the Alaska Native Resource Development, LLC, a subsidiary of the Alaska Native Tribal Health Consortium. A Stanford-educated attorney, Schutt previously spent a decade managing Cook Inlet Region, Inc.’s (CIRI) …