The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on May 18-19, 2022 in Ketchikan at the location identified in the agenda below. The public is invited to attend this meeting in person or via Webinar (information listed in the agenda), and there will be an opportunity for public comment and participation on Wednesday, May 18th at 8:15 a.m. when the meeting commences.

The Board of Trustees Audit Committee will be holding a meeting on May 19th at the same location. The public is invited to attend this meeting in person, or by webinar, and there will be an opportunity for public comment and participation. The agenda is attached below.

May 18-19, 2022 APFC Board of Trustees Quarterly Meeting Agenda
May 18-19, 2022 APFC Board of Trustees Quarterly Meeting Packet
May 19, 2022 Audit Committee Meeting Agenda
May 19, 2022 APFC Board of Trustees Audit Committee Meeting Packet

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold Governance Committee Meeting on May 2, 2022. This meeting will be conducted via webinar through WebEx. The public is invited to attend this meeting via webinar or phone, and there will be an opportunity for public comment and participation.

May 2, 2022 APFC Board of Trustees Governance Committee Meeting Packet

May 2, 2022 APFC Board of Trustees Governance Committee Meeting Agenda

The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) is committed to service to the State of Alaska and Alaskans and maintaining the highest standards in the management and investment of the Alaska Permanent Fund. As fiduciaries, our decisions are, and must be, driven by and consistent with the best interests of the Alaska Permanent Fund, which, in turn, is in the best interests of all current and future generations of Alaskans.

The Board of Trustees recognizes the LB&A Committee wants to know more about the removal of the former Executive Director and the process surrounding this decision. Typically, the process and facts surrounding a decision to terminate an employee are confidential to protect that employee’s reputation. In this case, however, the Board’s decision has become a matter of substantial interest and the subject of numerous public records requests, news articles, committee hearings, and a formal legislative investigation. Significantly, the former APFC executive director has now waived the Executive Session privilege that previously constrained what the Trustees could say publicly.

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The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Special Meeting on April 8, 2022, virtually for the purpose of meeting in Executive Session to receive legal advice regarding the Legislative Budget & Audit Independent Investigation.

The public is invited to attend the non-executive session portion of this meeting via Webinar (information listed above), or telephonically.

4.8.22 APFC Board of Trustees Special Meeting Agenda

As Alaskans, we can all agree that the investment and management of the Alaska Permanent Fund must be held to the highest of standards – those of fiduciary duty, uncompromising integrity, political independence, and straightforward accountability. In accordance with these standards, the Alaska Permanent Fund Corporation, our Trustees and our Staff are fully committed to the long-term interests of the Alaska Permanent Fund and the public that we serve.

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On Tuesday, March 22nd, APFC posted a Request for Proposal (RFP) as part of a competitive solicitation for proposals from executive search firms to assist the APFC Board of Trustees in recruiting and selecting a new Executive Director.

The Board of Trustees and a Recruitment Committee will rely on the procured firm to develop and execute the steps for conducting a thorough executive search and recruitment process. As an industry expert, the awarded offeror will work with APFC in establishing a timeline to guide the Executive Director selection process.

The RFP# 2022 0400 5081 can be found on the State of Alaska’s Online Public Notice (OPN) system. The deadline for receipt of proposals is 4:00 pm on Tuesday, April 12th.

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Special Meeting on March 23 & 24, 2022 virtually for the purpose of meeting in Executive Session to receive legal advice regarding the Legislative Audit & Budget Independent Investigation.

The public is invited to attend the non-executive session portion of this meeting via Webinar (information listed above), or telephonically.

03.23-24.22 APFC Board of Trustees Special Meeting Agenda

APFC Summary of Russian Holdings

Together with our fellow Alaskans, the Board and Staff of APFC are bearing witness to the suffering, the fortitude, the resiliency, and the sheer bravery of the Ukrainian people and are hearing the call to action. The ongoing crisis and tragedy resulting from Russia’s undeniable and merciless assault on Ukraine warrant a global and Alaskan response.

The long-held independence afforded to the Alaska Permanent Fund Corporation enables fiduciary action based on the best interests of the Alaska Permanent Fund in accordance with constitutional and statutory mandates. There have been past calls for divestment of state funds; however, they were not passed by the Legislature nor acted upon by APFC.

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The Alaska Permanent Fund Corporation is keenly aware of the developing situation with regards to Russia and Ukraine, and is assessing impacts to the portfolio during these dynamic and unpredictable times.

APFC is closely monitoring the events that are still unfolding with regards to Russia and is analyzing the appropriate response.