By Russell Read and Steve Moseley “The State of Alaska is rightly known for its frontier spirit and fierce independence. So it may be surprising to some that we at the Alaska Permanent Fund Corporation attribute strong recent performance in part to the vigour with which we have pursued a strategy of teaming up with outside partners across our $65 billion …
Board of Trustees Special Telephonic Meeting
The APFC Board of Trustees will hold a special telephonic meeting on Tuesday, July 24, 2018. The agenda is focused on a discussion pertaining to personnel and is posted below, as well as on the BOT meetings page. Download PDF
APFC Announces Russell Read’s Resignation and Thanks Him for His Service to Alaska
The Alaska Permanent Fund Corporation (APFC) announced today that Russell Read, CFA, Ph.D. has resigned from his position as Chief Investment Officer. Having served as a respected member of APFC’s Executive Team since May of 2016, Russell is leaving to pursue an opportunity based out of London. Russell remarked that “being a member of APFC’s team during such a pivotal and …
Alaska Permanent Fund Selected as Sovereign Wealth Fund of the Year for Hedge Funds
The Alaska Permanent Fund Corporation (APFC) is pleased to announce that it was awarded the recognition as Sovereign Wealth Fund of the Year in Hedge Fund Investments for 2017 at Institutional Investor’s Hedge Funds Awards Ceremony in New York City on Thursday, June 28. This event marks the second award for APFC’s industry leading investment capabilities after PEI awarded APFC …
APFC Launches Alaska Direct Alternative Credit – ADAC
The Alaska Permanent Fund Corporation (“APFC”) is pleased to announce the launch of a $1,000 million hybrid credit effort named Alaska Direct Alternative Credit (“ADAC”). Investments in ADAC will include a liquid portfolio of internally managed non-investment grade bonds and ETFs, and a private portfolio of co-investments alongside APFC’s private credit managers. ADAC and the private portfolio will be managed by the Private …
APFC’s Board of Trustees Affirm the Fund’s Strategic Direction
The Board of Trustees held their quarterly meeting in Anchorage, Alaska on May 23-24, 2018 to review the Alaska Permanent Fund’s performance as of March 31, 2018 and consider APFC’s comprehensive investment policy and asset allocation. The Alaska Permanent Fund’s (Fund) investments gained 8.86% thru the third quarter of fiscal year 2018 (FY18) and the Fund ended March 31, 2018 …
Quarterly Meeting of the Board of Trustees in Anchorage on May 23-24, 2018
The Alaska Permanent Fund Corporation will hold its Quarterly Meeting of the Board of Trustees on May 23-24, 2018 . The public is invited to attend this meeting in-person or via teleconference, and there will be an opportunity for public comment and participation on Wednesday, May 23rd at 8:30 a.m. when the meeting commences. The meeting agenda is available under …
APFC Recognizes the Legislature’s Commitment to Structured Draws from the Fund
The Alaska Permanent Fund Corporation applauds the passage of SB 26. The Board of Trustees with Resolution 18-01 had implored the Legislature to take the difficult action of setting up a rules-based framework governing withdrawals from the Alaska Permanent Fund. SB 26 fulfills that obligation. Angela Rodell, Chief Executive Officer, affirms that “SB 26 is an important milestone for the …
Alaska Permanent Fund Returns 8.86% thru the third quarter of FY18
The Alaska Permanent Fund’s (Fund) investments gained 8.86% thru the third quarter of fiscal year 2018 (FY18) and the Fund ended March 31, 2018 with assets under management totaling $64.6 billion. The value of the Fund is up $4.8 billion since the start of FY18 despite increased market volatility. … The value add that APFC staff has contributed through the …
Privately Speaking – Alaska rocks, Private Equity International Issue 164, April 2018
“The $65bn Alaska Permanent Fund is creating a supercharged private equity portfolio, writes Alex Lynn” … “…This is the ultimate model of having a small team of very thoughtful people leveraging their GP network constructively to generate some really interesting dealflow, executing on it and delivering good returns. They use their resources where they see the opportunity and just get …