The late Governor Jay Hammond liked to dream big. He wanted to “transform oil wells pumping oil for a finite period into money wells pumping money for infinity.” His dream came true. Because of the Alaska Permanent Fund, Alaska is now the only State that earns much of its unrestricted general fund revenues from the global economy. Today, the Alaska …

Anchorage – The Trustees met in Anchorage and via Webinar to consider active Board Resolutions, review Trustees Paper Volume 9 and Sovereign Wealth Fund rules with Dr. Malan Reitveld. APFC bylaws require that Resolutions inform the establishment of investment policy and allow for direction related to long-term administrative and operating procedures. Included in resolutions about investment policies are the Board’s …

Forty-five years ago, visionary Alaskans voted to establish the Alaska Permanent Fund. As the Fund’s investment manager, the Alaska Permanent Fund Corporation works to benefit all Alaskans through our responsible stewardship of Alaska’s largest renewable financial asset. Under the guidance of the appointed Board of Trustees, with support from the Executive and Legislative branches for resources, and with reporting transparency …

The Alaska Permanent Fund Corporation (APFC) will hold a Board of Trustees Budget Work Session on September 8, 2021 via Webex. The public is invited to attend this meeting via webinar (link is in the agenda) and there will be an opportunity for public comment and participation at the beginning of the meeting. APFC Board of Trustees Budget Work Session …

APFC Board of Trustees’ Audit Committee reviewed the FY21 audited financial statements confirming a fiscal year-end Fund value of $81.9 billion resulting from an all-time portfolio performance high-mark of 29.73% for the fiscal year ending June 30, 2021. Since its inception through FY21, the Permanent Fund has seen an annualized return of 9.12% and paid out more than $33.9 billion …

Work to resolve the status of the State of Alaska’s Fiscal Year 2022 budget continues; the administration has released a list of critical services. As per that list, should there be a government shutdown on July 1, 2021, the Alaska Permanent Fund Corporation will remain fully operational. Managing over $80 billion of financial assets requires a tremendous amount of diligence, …

Chief Executive Officer Angela Rodell announced today that the Alaska Permanent Fund Corporation (APFC) is taking steps to ensure that the Alaska Permanent Fund and money managed on behalf of the Alaska Mental Health Trust Authority are prudently overseen in the event of a government shutdown. The Chief Executive Officer and her staff have been diligently working to ensure that …

Governor Mike Dunleavy today announced the reappointment of Craig Richards to the Alaska Permanent Fund Corporation Board of Trustees for the term of July 1, 2021 to July 1, 2025.  Trustee Richards served on the Board of Trustees from 2015 to 2016 and was reappointed in 2017. Craig Richards majored in finance at the University of Virginia, received his Masters …

Today we take a moment to celebrate and reflect on our path through the global uncertainty, volatility and resilience we’ve seen over the past year. While Alaskans have stood strong together, as a state-wide community, we have adjusted and adapted our lives and our strategies to succeed in a changed world, and we are proud of our achievements. Our reason …