Notice of APFC Regulation Changes

In Board of Trustees, Uncategorized by Paulyn

APFC’s investment authority under AS 37.13.120 (a) Investment Responsibilities requires the Board of Trustees to adopt regulations “specifically designating the types of income-producing investments eligible for investment of fund assets” in accordance with the prudent investor rule.

AS 37.13.206 Regulations guides this process, including the public notice requirements.

APFC is proposing to amend the regulation regarding the investment of permanent fund assets into real estate (15 AAC 137.450) to allow our investors to consider a broader array of real estate investment opportunities and remain competitive in today’s market. The proposed it is designed to include all of the foreseeable, real estate investment opportunities that the APFC Real Estate Team believes are prudent to achieve the risk and return profile appropriate for this asset class.

This proposed regulation change will be included on the February 17-18 Board of Trustees’ meeting agenda.

202101_APFC public notice of proposed regulation changes