Last week, U.S. banking regulators closed Silicon Valley Bank, a bank that specialized in commercial banking for the technology sector. Over the weekend, federal entities took measures to ensure that the depositors of Silicon Valley Bank would be held harmless. At this point, a handful of additional banks are experiencing substantial distress or have also been closed by banking regulators. …
APFC’s Board of Trustees Q2 Meeting Overview
Juneau – The Board of Trustees held its quarterly meeting in Juneau and via webinar on February 15, 2023, to review the Alaska Permanent Fund’s second-quarter investment performance, discuss the upcoming annual asset allocation, consider in-state investments, and assess risk management metrics. Chair Ethan Schutt provides that “the Alaska Permanent Fund’s ongoing success relies on the Board’s and staff’s abilities …
Board of Trustees Meeting
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Quarterly Meeting on February 15, 2023, from 8:30 am to 4:15 pm. The public is invited to attend this meeting in person, via Webinar (information listed in the agenda below), or telephonically. Please see the agenda for more details. February 15, 2023 APFC Board of Trustees Quarterly Meeting …
FY23 Mid-Fiscal Year Review
Entrusted as stewards and fiduciaries of the Permanent Fund, APFC’s vision and diverse investment strategies complement the long-term investment horizon for the Fund. “I fully understand and appreciate the importance of protecting this vital resource for the benefit of both the current and future generations of Alaskans,” says APFC Executive Director Deven Mitchell. United by the shared values of integrity, …
APFC welcomes UAF Rural Development students
APFC was pleased to have the opportunity to welcome a group of UAF Rural Development students, along with Professor Emeritus Mike Davis and Assistant Professors Laura Zimin and Tav Ammu.
Alaska Permanent Fund Corporation Named Best Places to Work in Money Management for the 2nd Time
Juneau – The Alaska Permanent Fund Corporation (APFC) was named Pensions & Investments 2022 Best Places to Work in Money Management, winning this prestigious title for the second year in a row. Announced today by Pensions & Investments, the global news source of money management, the 11th annual survey and recognition program is dedicated to identifying and recognizing the best …
APFC’s Board of Trustees Q1 Meeting Overview
Juneau – The APFC Board of Trustees held its quarterly meeting in Juneau and via webinar on December 7-8, 2022, to review the Alaska Permanent Fund’s first-quarter FY23 investment performance. The Board held discussions on capital markets insights, staff recruitment and retention efforts, insights into the Infrastructure portfolio from internal and external managers, perspectives on risk, and a look ahead …
Upcoming Board of Trustees Meetings
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Governance Committee Meeting and a regular Quarterly Meeting on the following dates: December 5, 2022 – Governance Committee Meeting – 9:00-11:00 a.m. – The public is invited to attend this meeting via Webinar (information listed in the agenda below), or telephonically. December 7-8, 2022 – Quarterly Meeting – …
It’s an honor to lead Alaska’s largest renewable resource
This October, I was provided the opportunity to serve as the executive director of the Alaska Permanent Fund Corp. As a lifelong Alaskan, leading APFC is my childhood dream come true. From meeting with Gov. Jay Hammond with my third-grade class in 1976, to receiving the benefits of the fund’s existence throughout my life, to now having the experience to …
APFC Welcomes Trustee Crum
APFC welcomes Adam Crum, Alaska Department of Revenue Commissioner, to the Board of Trustees. Trustee Crum is a lifelong Alaskan with significant public and private sector experience in strategic management, organizational development, and executive consulting. He brings to the APFC Board a proven commitment to community, dedication to public service and respected leadership abilities. In his role as a Trustee and fiduciary of the Alaska …