The Alaska Permanent Fund Corporation (APFC) announced the release of its 2025 Mid Fiscal Year Review. The report highlights the history of the Fund and APFC, the impact on the Earnings Reserve Account (ERA) over time, and APFC’s investment strategy and performance.
APFC Welcomes John Binkley to the Board of Trustees
APFC welcomes John Binkley, a lifelong Alaskan and Fairbanks businessman to the Alaska Permanent Fund Corporation’s Board of Trustees.
Trustee Binkley has been appointed by Governor Dunleavy to one of four public seats on the Board.
The Board of Trustees is charged with serving as fiduciaries for the Alaska Permanent Fund, Alaska’s largest renewable source of revenue.
The APFC Board is composed of six governor-appointed members. Per Alaska statute 37.13.050, two Trustees must be heads of principal departments of state government, and the other four seats are designated for public members, serving staggered, four-year terms.
APFC Board of Trustees Quarterly Meeting – February 12-13, 2025
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on February 12-13, 2025 at the location identified in the agenda linked below. Agenda items include: Fund performance presentations, private and public markets overviews, Real Estate asset class presentation, and more. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.
The public is invited to attend this meeting in person, via Teams Webinar, or telephonically (please see the agenda for details). There will be an opportunity for public comment and participation on both days (times listed in the agenda).
*Please note that we have transitioned to using Teams Webinars for Board Meetings, which may require some extra time when registering for the first time. Please be aware of the change and allow yourself a few extra minutes.
February 12-13, 2025 APFC Board of Trustees Quarterly Meeting Agenda
February 12-13, 2025 APFC Board of Trustees Quarterly Meeting Packet
Investing in Alaska’s Future Leaders
Internship Opportunities with APFC – Apply Now!
Are you ready to kickstart your career in finance and investing? The Alaska Permanent Fund Corporation (APFC) is now accepting applications for our 2025 Internship Program!

2024 Interns: Ardian Balazhi (Left) and Vera Bueler-Faudree (Right)
“At the start of my internship, I was uncertain how to best maximize my growth here and ensure I broadened my investment expertise. I know now that APFC is an extraordinary place to do that. The staff welcomed questions and generously devoted their time to my learning.” – Vera Bueler-Faudree, 2024 APFC Investments Intern.
Why Apply?
- Gain hands-on experience in investment management, finance, and accounting.
- Work alongside industry experts and receive daily mentorship.
- Competitive pay: Check each description for pay as they can differ depending on where the internship is located.
APFC Welcomes 2025
We look forward to reaching new heights together in the year ahead.
As we welcome 2025, we’re grateful for the trust of Alaskans, as we work to build upon the legacy and vision of the Fund for the future of our state and our neighbors.
Highlights from 2024
In 2024, APFC delivered long-term value for Alaskans through impact,
mission-driven excellence, and strong governance.
Lasting Benefits for Alaskans:
At the end of FY24, the Fund’s investments had generated more than $87.8 billion in earnings since inception, supporting inflation-proofing, the PFD, and government services and programs.
Long-Term Impact:
APFC’s investment strategy delivers long-term results. Over the 10-year period ending in FY24, the total Fund achieved an 7.69% return, surpassing the performance benchmark of 5.45%.
Mission-Driven:
APFC was named as one of the Best Places to Work by Pensions & Investments and welcomed 5 talented new employees who share our values of integrity, stewardship, and passion.
Strong Governance:
The Board of Trustees approved updates to its governance, aligning APFC with industry best practices and ensuring that APFC remains at the forefront of investment management and oversight.
APFC Holds Q4 2024 Meeting
Juneau, Alaska — Dec. 11, 2024 — The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened for its quarterly meeting in Juneau and via Teams Webinar on December 10-11, 2024. Key discussions included the Fund’s performance, an in-depth review of the Absolute Return asset class, and updates on compliance, governance, and operations.
“This meeting provided an opportunity to hear from our investment team on the performance and strategy behind the Fund’s diverse investments,” said Board Chair Jason Brune. “As Trustees, we set thresholds and guide priorities, but it’s the work of APFC’s team—much of it done in-house—that continues to outperform, cost less, and deliver exceptional results. We remain committed to thoughtful oversight and ensuring the Fund benefits all Alaskans.”
Click here to read the full press release.

Pictured are APFC Trustees and staff who wore holiday sweaters at the Quarterly Meeting. (Seated Left to Right): Trustee Ryan Anderson, Chair Jason Brune, Vice Chair Adam Crum. (Standing Left to Right): Joseph Jeralds, Juliette Alldredge, Shannon McCain, Masha Skuratovskaya, Larissa Murray, Marcus Frampton, Jedediah Smith.
2024 Best Places to Work in Money Management
The Alaska Permanent Fund Corporation (APFC) was recognized by Pensions & Investments as one of the “Best Places to Work in Money Management.” The 13th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry who demonstrate a commitment to building a strong workplace culture.
“The recognition is a source of pride and highlights the strength of our staff and the camaraderie within our organization, which all Alaskans expect from their Permanent Fund Corporation,” noted Deven Mitchell, CEO & Executive Director of APFC. “APFC competes daily with the private sector, and being recognized as the Best Place to Work in Money Management greatly enhances our ability to attract and recruit top talent, supporting our ability to deliver on our mission for generations to come.”
December 10-11, 2024 Quarterly Meeting
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on December 10-11, 2024 at the location identified in the agenda linked below. Agenda items include: Fund performance presentations, private and public markets overviews, information on surety bond requirements, Absolute Return asset class presentations, and more. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.
The public is invited to attend this meeting in person, via Teams Webinar, or telephonically (please see the agenda for details). There will be an opportunity for public comment and participation on both days (times listed in the agenda).
*Please note that we have transitioned to using Teams Webinars for Board Meetings, which may require some extra time when registering for the first time. Please be aware of the change and allow yourself a few extra minutes.
December 10-11, 2024 APFC Board of Trustees Quarterly Meeting Agenda
December 10-11, 2024 APFC Board of Trustees Quarterly Meeting Packet
APFC Leaders Share Insights for Young Professionals Considering a Career in Finance
APFC’s Chief Investment Officer Marcus Frampton and Chief Risk Officer Sebastian Vadakumcherry shared practical advice for aspiring finance professionals, emphasizing the importance of hard work, humility, and a willingness to take risks as key qualities for success in the field.
Frampton encouraged young professionals to immerse themselves in the wealth of resources available, pointing to books by famed investor Warren Buffett and his mentor, Benjamin Graham, as excellent starting points. “Just get a foot in the door and keep learning,” Frampton said, explaining that the finance industry is full of unexpected opportunities.
Vadakumcherry stressed the importance of perseverance, adding, “Finance is a humbling experience, and humility is essential.” He noted that hard work and risk-taking are fundamental to navigating the market’s challenges. Both leaders underscored that a passion for learning and a proactive approach are essential for building a successful career in finance.
Learn more about current Career openings at APFC: https://apfc.org/careers/