The Board of Trustees Audit Committee of the Alaska Permanent Fund Corporation (APFC) held a virtual meeting via webinar on Thursday, June 6, 2024. The committee members met with KPMG, the Corporation’s auditors, to review the risk assessment and annual audit plan. “It is our mission to maintain the highest standards of financial integrity by providing our stakeholders in Alaska …
APFC TRUSTEES UNANIMOUSLY APPROVE UPDATED ASSET ALLOCATION
UTQIAGVIK – The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held its quarterly meeting in Utqiaġvik and via webinar on May 29 and 30. At the meeting, the Board unanimously adopted an updated asset allocation. In addition, the Board voted to approve the FY25 operating budget with a directive to maintain the Anchorage office and to contract …
APFC Governance Committee Pursues Best Practices
The Governance Committee of the Alaska Permanent Fund Corporation (APFC) Board of Trustees held a virtual meeting on May 20, 2024, to review governance best practices. The Governance Committee did not take any action, but rather built consensus on best-in-class initiatives for staff to further. “Today’s meeting is about transparency and trust building, for the Board, staff, and for the …
APFC Addresses Concerns Raised in Media Reports
The Alaska Permanent Fund Corporation (APFC) acknowledges recent media reports concerning internal communications regarding potential conflicts of interest. We take these concerns seriously and were addressing the issue through established protocols prior to coverage by the media. We are committed to ensuring the well-being of our team and the integrity of the Fund’s investment process and to working on behalf …
Alaska’s Renewable Revenue – High School Curriculum
Alaska Permanent Fund Corporation Launches Statewide Curriculum JUNEAU – Underscoring its commitment to educating Alaskans, the Alaska Permanent Fund Corporation (APFC) has partnered with the Alaska Resource Education (ARE) to create The Permanent Fund: Alaska’s Renewable Revenue. It’s a curriculum with engaging lessons and ready-to-go activity kits for Alaska’s educators to teach students about the Permanent Fund: Alaska’s Renewable Revenue. …
2024 Mid Fiscal Year Review
Juneau – the Alaska Permanent Fund Corporation (APFC) released the 2024 Mid Fiscal Year Review including updated performance and financial information. We have reached the halfway point of the 2024 fiscal year, and we have seen strong performance in financial markets that have driven a fiscal year-to-date return of 3.54%. As the markets strengthen, we are also pleased by the …
Private Equity Director Allen Waldrop Interviewed in Private Equity International
In a recent interview with Private Equity International, The Alaska Permanent Fund Corporation (APFC) Private Equity Director Allen Waldrop discusses the role private equity plays in the APFC portfolio and how he and his team are optimizing the Fund’s private equity allocation. The article, “Turning an oil tanker: Alaska Perm tackles its private equity allocation,” delves into Director Waldrop’s portfolio …
APFC Open House
Join APFC’s Open House to meet, greet, and mingle with Trustees, Leaders, and Staff. The Alaska Permanent Fund Corporation (APFC) is hosting an Open House at our Juneau headquarters – welcoming Legislators, Staff, and the Community of Juneau. When: Thursday, February 15, 2024 Following the first day of the February Quarterly Board Meeting Where: APFC Headquarters Michael J. Burns Building, …
Board of Trustees Explore Strategic Initiatives
The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held a meeting on October 30, 2023 to discuss the strategic planning for the Corporation and the Alaska Permanent Fund. APFC expresses gratitude to Alaskans and stakeholders who provided valuable insights through public testimony during the meeting. We appreciate their interest in the public process and meaningful contributions. The …
Board of Trustees to focus on long-term strategic plan
The Board of Trustees discussed the long-term strategic plan during the annual meeting last week to set the stage for a special meeting of the Board in October. The Board is actively working through a strategic planning process that will bring about more opportunities for progress to advance the work of the Corporation as a global investment advisor and grow …