The Alaska Permanent Fund Corporation (APFC) Board of Trustees’ Governance Committee will hold a virtual meeting on July 18, 2024 at 1:00 p.m. The primary topic for the meeting is the discussion of possible amendments to the communications and other Governance Policies to forward to the board.

The public is invited to attend this meeting via the webinar (information listed in the agenda linked below), or telephonically.

July 18, 2024 APFC Board of Trustees Governance Committee Agenda

July 18, 2024 APFC Board of Trustees Governance Committee Packet

The Board of Trustees Audit Committee of the Alaska Permanent Fund Corporation (APFC) held a virtual meeting via webinar on Thursday, June 6, 2024. The committee members met with KPMG, the Corporation’s auditors, to review the risk assessment and annual audit plan.

“It is our mission to maintain the highest standards of financial integrity by providing our stakeholders in Alaska and beyond with transparent and clear insights into our operations and performance,” remarked Committee Chair Adam Crum. “We greatly value the ongoing support provided by KPMG.”

Read More

UTQIAGVIK – The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held its quarterly meeting in Utqiaġvik and via webinar on May 29 and 30. At the meeting, the Board unanimously adopted an updated asset allocation. In addition, the Board voted to approve the FY25 operating budget with a directive to maintain the Anchorage office and to contract with a third-party law firm to provide a review of Trustee and Staff communications over the past six years, as well as the recent unauthorized release of internal records.

Conducting meetings throughout the state underscores APFC’s commitment to work on behalf of all Alaskans. A meaningful exchange with the North Slope Borough included a sharing of the Permanent Fund’s history, global investment strategy, and growth in recognition of synergies that exist in managing investment funds to provide for generations through a renewable financial resource. The discovery of oil on the North Slope paved the way for the Permanent Fund, a financial resource that now benefits all Alaskans. It was a unique honor for the Trustees to hold this quarterly meeting in Utqiaġvik, where the Board came together in the interest of providing for future generations.

“I would like to thank Mayor Josiah Patkotak and the community for welcoming us. We recognize the significance of the North Slope as the ultimate source of funds that now comprise the Permanent Fund. In the delicate social and cultural balance that is Alaska, the Inupiat of the North Slope were the stewards of these lands that now comprise the source of our common and intergenerational wealth. We thank them for their hospitality.” -Chair Ethan Schutt

202405_APFC Board of Trustees Quarterly Meeting News Release

The Alaska Permanent Fund Corporation (APFC) Board of Trustees’ Audit Committee will hold a virtual meeting on June 6, 2024 at 1:00 p.m. The topics will be the presentation of the FY24 KPMG Audit Plan, FY24 year-to-date financial review, and an internal controls review.

The public is invited to attend the meeting via Webinar (information listed in the agenda linked below), or telephonically.

June 6, 2024 APFC Board of Trustees Audit Committee Agenda

June 6, 2024 APFC Board of Trustees Audit Committee Packet_revised

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on May 29-30, 2024 at the location identified in the agenda linked below. Agenda items include: a risk overview, Fund performance overview, investment policy updates, public equity asset class presentations, and more.

The public is invited to attend this meeting in person, via Webinar (information listed above), or telephonically. There will be an opportunity for public comment and participation at 8:30 a.m. when the meeting commences on May 29, 2024. If the public wishes to sign up for public comment, please indicate so when registering via WebEx. Please sign-up for public testimony by emailing jloesch@apfc.org by noon May 28.

May 29-30, 2024 APFC Board of Trustees Quarterly Meeting Agenda

May 29-30, 2024 APFC Board of Trustees Quarterly Meeting Packet

The Governance Committee of the Alaska Permanent Fund Corporation (APFC) Board of Trustees held a virtual meeting on May 20, 2024, to review governance best practices. The Governance Committee did not take any action, but rather built consensus on best-in-class initiatives for staff to further.

“Today’s meeting is about transparency and trust building, for the Board, staff, and for the Alaskan public” – Committee Chair Rubenstein.

The Governance Committee affirmed that APFC’s processes and systems are in place to ensure efficient internal operations that support our work on behalf of Alaskans. The Committee and Investment Advisory Group (IAG) members emphasized the importance of defined roles and responsibilities for Trustees and Staff in collaborative processes.

Full Release: 20240520_APFC Governance Committee Pursues Best Practices

The Alaska Permanent Fund Corporation (APFC) Board of Trustees’ Governance Committee will hold a virtual meeting on May 20, 2024, at 1:00 p.m. to discuss potential amendments to the governance policies and the personnel management plan.

The public is invited to attend the meeting via Webinar (information listed in the agenda linked below), or telephonically.

May 20, 2024 APFC Board of Trustees Governance Committee Agenda

May 20, 2024 APFC Board of Trustees Governance Committee Packet_revised post meeting

The meeting will begin with public comment. To provide public comments and statements to the APFC Board of Trustees email boardpubliccomment@apfc.org.

JUNEAU—The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held a special meeting to assess its information technology systems and potential solutions to strengthen APFC’s records process and document management systems.

Read the full press release here.