APFC extends our condolences to the Mallott family on the passing of Byron Mallott. Trustee Mallott’s extensive career in service to Alaska includes serving as the Executive Director of the Alaska Permanent Fund Corporation, as well as eight years as a public member of the Board of Trustees, first appointed by Governor Jay Hammond in 1982. As APFC commemorates 40 …
The Milken Institute – Power of Ideas Series
The Milken Institute released new essays in their #PowerofIdeas series on the unique challenges, opportunities for growth, and collaborative responses associated with the COVID-19 pandemic. See Essays: https://milkeninstitute.org/power-of-ideas APFC’s CEO, Angela Rodell, is pleased to share her contribution to this diverse collection of thought leadership. See Angela’s Essay: https://milkeninstitute.org/power-of-ideas/mindset-future
Trustee Carl Brady
APFC shares with our fellow Alaskans in the loss of Trustee Carl Brady who passed away on April 6, 2020. “Carl served Alaska and the Fund since 1991. His tremendous knowledge, steadfastness, deep love for Alaska, and especially for APFC will be greatly missed,” reflected CEO Angela Rodell. In the decades that Trustee Brady had served on APFC’s Board, there …
Investment Advisory Group – Request for Applications
The Alaska Permanent Fund Corporation is soliciting applications from those interested in serving on the Investment Advisory Group (IAG). The IAG consists of three people appointed by and serving at the pleasure of the APFC Board of Trustees. The application period closes on April 13, 2020. Investment Advisory Group_Request for Applications
APFC Supporting Efforts to Curtail Virus
Alaskans and Business Partners – We find ourselves in extraordinary times coming together to ensure the health and safety of our families and communities. To support efforts underway to slow the spread of the virus, APFC employees are working remotely and our office is closed to the public. Be assured that our staff is working at full capacity and is …
Market Value of the Alaska Permanent Fund
Knowing that the state’s reliance on the Alaska Permanent Fund to support state services is more significant than it has ever been, our team at APFC is aware of the daily interest in the Fund values. In watching those values, keep in mind that they are changing rapidly – by the hour, the day, the week – and the changes …
Alaska Permanent Fund Corporation Remains Diligent
Alaska Permanent Fund Corporation Remains Diligent As the public equities markets head into ‘bear market’ territory, APFC remains diligent in our management of the Alaska Permanent Fund and in fulfilling our obligations to Alaskans. APFC’s team is navigating through the market downturn by looking into this period of uncertainty to find opportunities that will bring long-term benefits during the recovery …
APFC’s Board of Trustees Brings Forth Recommendations for Fund Sustainability
The Alaska Permanent Fund Corporation’s Board of Trustees held a special meeting on March 5, 2020, to further their recommendations pertaining to the Earnings Reserve Account. The Board of Trustees passed Resolution 20-1 OFFERING ALTERNATE PROPOSALS TO SUPPORT AN ANNUAL PERCENT OF MARKET VALUE DRAW FROM THE PERMANENT FUND. The Resolution brings forth measures to enhance the sustainable use of …
APFC Positioned The Fund To Weather Market Volatility
Juneau – As widely reported and followed, the global stock markets were rocked this past week with double-digit declines across the board, driven by escalating COVID-19 fears and indications that efforts to contain its spread have been ineffective. Fortunately, the Board of Trustees has structured a well-diversified portfolio for the Alaska Permanent Fund (Fund) with a mix of both public and …
APFC Requests Productive Dialogue
Alaska, the 49th state, is an Arctic state that relies on responsible resource development, and it was disappointing to learn of JP Morgan’s decision to restrict its investment decisions in the Arctic. The Alaska Permanent Fund (Fund) was created by Alaskans to save and invest a portion of the state’s resource wealth. Every year since inception, at least 25% of the royalty payments that are generated by resource development in Alaska gets deposited …