Opinion Piece from APFC’s Board of Trustees

In Uncategorized by Paulyn

Trustees Explore Best Practices to Sustain the Permanent Fund

With the State relying on the Alaska Permanent Fund’s realized earnings for more than 70% of its unrestricted general funds, the Alaska Permanent Fund Corporation’s Board of Trustees is keenly focused on the Fund’s ability to provide both enduring intergenerational equity and reliable income-generation.

This paradigm brings its own set of risks and rewards, and as the Fund’s stewards, it is our job to equip the Fund for success for decades to come. To that end, we asked Dr. Malan Rietveld, a leading expert in sovereign wealth funds, to analyze our peer funds in the U.S. and worldwide to determine why some flourish and some flounder. Based on this work, we published Trustees Paper Volume 9, identifying five lessons critical to any sovereign wealth fund’s intergenerational success.

The five lessons are included in the full opinion piece: APFC Trustee Paper 9_BOT Opinion

Trustees Paper Volume 9, “The Role of Sovereign Wealth Funds in Saving, Stabilization, and Generating Income,” is posted in the Report Archive/Trustees’ Papers at apfc.org.

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