Alaska Permanent Fund Returns Stellar FY17 Performance Results

In News by randy_d26yvygz

Juneau – The Alaska Permanent Fund’s (Fund) investments gained 12.57% in fiscal year 2017 (FY17) and the Fund ended June 30, 2017 with a total record value of $59.8 billion, comprised of $47.0 billion in the Principal of the Fund and $12.8 billion in the Earnings Reserve Account. Following the FY17 year-end close, the Total Fund value has continued climbing to record highs and is now well over $60 billion.

Reflecting on the recent noteworthy performance of the Fund and 40 years of successful Alaskan stewardship, the Board of Trustees Chair Bill Moran offered that this “high mark is a testament to the Alaskans who had the foresight to create the Fund, the leaders of yesterday and today who have maintained the integrity of the Fund and the dedicated professionals of the Alaska Permanent Fund Corporation who have attentively invested the Fund.”

APFC’s CEO Angela Rodell stated that “the success of the Fund has been built upon decades of investment experience and the firm commitment of the Board of Trustees to establish sound investment, governance and transparency practices. Due to these efforts, not only has the Fund reached an all-time high value it has also achieved world-wide recognition as a model for converting a non-renewable natural resource into a renewable financial resource.”

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Permanent Fund’s Special Investments Do Right by Alaskans – Alaska Dispatch News

In News by Kelby

“Every morning, I pass by words engraved physically on our wall but, more importantly, philosophically at our core. “Maximize the value of Alaska’s Permanent Fund through prudent long-term investment and protection of principal to produce income to benefit all generations of Alaskans.” These words embody the mission that inspires my 41 colleagues to do what we do best: partner with the most experienced and talented investors across asset classes, acquire the highest-quality assets and support visionaries who lead the world’s most promising companies. …”

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Alaska Permanent Fund Corporation Working for Alaska

In News by randy_d26yvygz

With an Operating Budget for Fiscal Year 2018 passed by the Alaska State Legislature, the Alaska Permanent Fund Corporation (APFC) will remain fully staffed and working on behalf of Alaska. Chief Executive Officer Angela Rodell notes she is pleased that APFC will not need to activate its business continuity plan and that APFC’s staff can remain focused on the active management of the Alaska Permanent Fund.

Board of Trustees Quarterly Meeting

In News by Kelby

The Alaska Permanent Fund Corporation’s Board of Trustees held their quarterly meeting in Juneau, Alaska to review the investment performance of the Alaska Permanent Fund (Fund) and evaluate practices pertaining to the management of the Fund. CEO Angela Rodell notes, she is “exceptionally proud of the team at APFC, and it is rewarding to see that staff’s stewardship of the Fund and commitment to being world-class investors is being recognized on a global stage.”

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Permanent Fund up 8.96% for Fiscal Year 2017 to Date

In News by Kelby

The Alaska Permanent Fund’s (Fund) total value as of March 31, 2017 (unaudited) is $57.8 billion, comprised of $46.1 billion in Principal and $11.7 billion in the Earnings Reserve. The Fund’s investment return for the fiscal year to date (FYTD) is up 8.96% based on unaudited performance results. Angela Rodell, CEO of the Alaska Permanent Fund Corporation, stated that “the solid performance results for the first three quarters of FY17 are encouraging and affirm the dedication of the APFC staff to meet or exceed our performance benchmarks. Over the past 5 years, the total Fund Performance has lead all three benchmark objectives and APFC will continue to strive to maximize returns for Alaskans.”

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Alaska Permanent Fund 40th Anniversary Recognized at APFC’s Board of Trustees Meeting

In Uncategorized by Kelby

As the Alaska Permanent Fund enters into its 41st year, it was affirmed during the Board of Trustees meeting that the Alaska Permanent Fund Corporation remains dedicated to providing a sound management structure to maintain the safety of the principal, while maximizing investment returns. Chair Bill Moran observed that “in the 40 years since the first deposit on February 28, 1977 of $734,000 of dedicated royalties to the Alaska Permanent Fund, the total value has grown to more than $57 billion today.” He further remarked that “in addition to this growth, over $24.3 billion has been distributed to Alaskans since the inception of the Fund.”

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