The Board of Trustees held their quarterly meeting in Anchorage, Alaska on May 23-24, 2018 to review the Alaska Permanent Fund’s performance as of March 31, 2018 and consider APFC’s comprehensive investment policy and asset allocation.

The Alaska Permanent Fund’s (Fund) investments gained 8.86% thru the third quarter of fiscal year 2018 (FY18) and the Fund ended March 31, 2018 with assets under management totaling $64.6 billion. Overall the Fund has performed favorably over the long term, returning 8.35% over the last 5 years and 6.52% over the last 20 years.

Chair Moran noted that “the Fund has benefited from having strong governance practices in place that provide long term discipline and a structure that allows for APFC to identify and respond to targeted opportunities and risks within a shifting global financial landscape.”

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The Alaska Permanent Fund Corporation will hold its Quarterly Meeting of the Board of Trustees on May 23-24, 2018 . The public is invited to attend this meeting in-person or via teleconference,  and there will be an opportunity for public comment and participation on Wednesday, May 23^rd at 8:30 a.m. when the meeting commences.

The meeting agenda is available under Board of Trustee Meetings and the packet will be posted a day in advance of the meeting.  Agenda items include: a panel on investing with environmental, social and governance (ESG) factors, comprehensive overview of asset class performance by Callan and APFC portfolio managers, consideration of the updated Investment Policy, and a presentation by Callan on the current capital market assumptions.

The Alaska Permanent Fund Corporation applauds the passage of SB 26. The Board of Trustees with Resolution 18-01 had implored the Legislature to take the difficult action of setting up a rules-based framework governing withdrawals from the Alaska Permanent Fund. SB 26 fulfills that obligation.

Angela Rodell, Chief Executive Officer, affirms that “SB 26 is an important milestone for the Permanent Fund and APFC.  It gives us the target we have been asking for in order to craft our investment strategy and will ensure the Fund is a resource Alaskans can rely on now and in the future.”

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Juneau – The Alaska Permanent Fund Corporation’s Board of Trustees adopted a resolution during a special meeting on March 15, 2018 solidifying their support of a rules based framework governing deposits into and withdrawals from the Alaska Permanent Fund.

In adopting resolution 18-01, the Board of Trustees acknowledges and supports the efforts of Alaskan stakeholders to establish a rules-based framework designed to ensure the future sustainability of the Fund and meet the needs of Alaskans both today and in the future.

Resolution 18-01_Rules Based System for Fund Transfers

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.” …

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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.

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