APFC’s Board of Trustees Affirm Diversified Approach to Investing

In Board of Trustees, Uncategorized by Paulyn

The Board of Trustees held its quarterly meeting in Juneau, Alaska on February 21-22, 2018.  At that meeting, the Board reviewed the mid fiscal year 2018 (FY18) investment performance of the Alaska Permanent Fund (Fund), assessed the position of the portfolio given recent market volatility, discussed establishing a Real Assets allocation, and reviewed the eCIO program. …

… While the Fund saw tremendous growth in value throughout the first two quarters of this fiscal year and reached an all-time high in January, it was countered by volatile market conditions in February.  Despite the recent market volatility, value of assets under management is up more than $550 million since the December 31, 2017 and up by approximately $4.8 billion since the beginning of the fiscal year. Chair Moran noted that “the recent market conditions affirm the importance of APFC’s diversified approach to investing. This structure is designed to meet our long-term return objectives without undertaking excessive short-term market risk in the process.” …

Download PDF

 

APFC Board of Trustees Quarterly Meeting on February 21-22 in Juneau

In Board of Trustees, Uncategorized by Paulyn

The Alaska Permanent Fund Corporation (APFC) will hold its Quarterly Meeting of the Board of Trustees on February 21-22, 2018 in Juneau, AK. The public is invited to attend this meeting in-person or by teleconference; there will be an opportunity for public comment and participation.  Agenda items include: A risk and asset allocation overview, asset class updates, a performance report from Callan Associates, an eCIO review, as well as a panel discussion on positioning the portfolio in volatile markets.

Download PDF

Alaska Permanent Fund Returns 8.45% for the first half of FY18

In Uncategorized by Paulyn

The Alaska Permanent Fund’s (Fund) investments gained 8.45% in the first half of fiscal year 2018 (FY18) and the Fund ended December 31, 2017 with assets under management totaling $64.0 billion, comprised of $48.7 billion in the Principal of the Fund and $15.3 billion in the Earnings Reserve Account. As we enter the second half of the fiscal year, the Fund has reached daily market values of more than $66 billion and is experiencing increased market volatility.

APFC maintains a well-diversified portfolio in both public and private markets across seven asset classes. In reviewing recent performance results, Angela Rodell, CEO of the Alaska Permanent Fund Corporation, noted that she was “pleased to see the quality and diversity of the portfolio’s investment returns across all asset classes.  Double digit performance returns have been achieved not only in public equities, but in APFC’s private equity and infrastructure holdings as well.”

Download PDF

It’s time to adopt POMV structure for Permanent Fund – Opinion – Angela Rodell, CEO

In Board of Trustees, Uncategorized by Paulyn

“Since 2003 the Board of Trustees has endorsed using a percent of market value, or POMV, methodology for determining how much should be drawn from the Alaska Permanent Fund. A POMV establishes a limit to the amount that can be drawn from the Fund and is based on its average annual market value over five years.  … We have had a constitutional and statutory contract with Alaskans in place since the Fund’s creation more than 40 years ago, an agreement as to how deposits and withdrawals are made. As the Alaska Permanent Fund is central to policy decisions pertaining to the composition of state funding, it’s time for Alaskans to establish a new contract to support the evolution and continued health of the Fund by adopting a POMV structure. …”

Download PDF

APFC Board of Trustees Evaluate Performance and Internal Management Opportunities

In Board of Trustees, News, Uncategorized by Paulyn

The Alaska Permanent Fund Corporation Board of Trustees considered a comprehensive agenda during their quarterly meeting in Anchorage on December 12 & 13, 2017. In addition to the quarterly review of performance, asset allocation activities, and management reports; their agenda included stress scenario analyses of proposed draws to the Earnings Reserve Account (ERA) and a panel discussion on building in-house management capabilities.

Download PDF

APFC Quarterly Board of Trustees Meeting – December 12 and 13, 2017

In Board of Trustees, News by randy_d26yvygz

The Alaska Permanent Fund Corporation (APFC) will hold its Quarterly Meeting of the Board of Trustees on December 12-13, 2017 in Anchorage, AK. The public is invited to attend this meeting in-person or by teleconference; there will be an opportunity for public comment and participation.  Agenda items include: A risk and asset allocation overview, asset class updates, a performance report from Callan Associates, a compensation review, as well as a panel discussion on the opportunities and limitations for internal management of fund assets.

Download PDF