APFC would like to congratulate our Chief Executive Officer, Angela Rodell, for being in the Top 10 of the Sovereign Wealth Fund Institute’s “Ranking of the 100 Most Significant, Resilient, and Impactful Asset Owner and Public Executives of 2018.”
https://www.swfinstitute.org/swf-news/press-release-public-investor-100-rankings-released-for-2018/
The Alaska Permanent Fund Corporation announced today that Marcus Frampton, CFA, CAIA has been promoted to serve as the Chief Investment Officer.
Chair Craig Richards provides: “After considering many highly qualified applicants for the CIO position, the Board is convinced that Marcus is best situated to continue the remarkable success the Permanent Fund investment portfolio has recently experienced.”
“I am pleased that Marcus has been promoted to CIO, and it demonstrates APFC’s commitment to providing a rich work experience and opportunities for career growth,” said Angela Rodell, Chief Executive Officer. “Marcus has proven himself to be a passionate and dedicated investor, contributing a tremendous amount of value to the Alaska Permanent Fund. I have confidence in his ability to take the Fund forward.”
In reflecting on his new role, Marcus notes that: “It is a tremendous honor to have the opportunity to serve as APFC’s next Chief Investment Officer. I appreciate the confidence and trust that is being placed in me and look forward to working hard to deliver on the objectives of APFC’s stakeholders.”
The Board of Trustees reviewed the fiscal year 2018 (FY18) investment performance of the Alaska Permanent Fund (Fund) with presentations from Callan Associates and the Alaska Permanent Fund Corporation’s (APFC) asset class directors, approved a FY2020 budget, and accepted the Annual Audit as presented by KPMG. As noted in the 2018 Annual Report, released at the meeting, the Fund’s assets under management (AUM) reached an end of fiscal year high, totaling $64.9 billion as of June 30, 2018, comprised of $46.0 billion in the Principal of the Fund and $18.9 billion in the Earnings Reserve Account.
Callan Associates, APFC’s performance consultant, noted that APFC’s portfolio is well diversified across all major asset classes employed by institutional investors. In FY18 the Fund’s investments returned 10.74%, this strong performance puts the Total Fund in the top decile relative to other large public funds, and in the top third versus other large endowments/foundations. …
The Board of Trustees evaluated APFC’s approach to investing in Alaska and the Alaska Investment section of APFC’s Investment Policy & Procedures was amended to set forth aspirational goals for increased Alaska investment …
Furthering the interest in Alaska investment, a panel was conducted with representatives from investment firms with experience in geographically targeted emerging manager programs to inform Trustees about approaches and considerations for the development of an Alaska-based emerging manager program. The Board adopted Resolution 18-03 – RESOLUTION OF THE BOARD OF TRUSTEES OF THE ALASKA PERMANENT FUND CORPORATION SUPPORTING AN IN-STATE EMERGING MANAGER PROGRAM directing the Executive Director to create an In-State Emerging Manager Program. …
Full News Release:
Now available:
The Alaska Permanent Fund Corporation (APFC) will hold its Annual Meeting of the Board of Trustees on September 26-27, 2018 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: approval of the annual audit, review of the strategic plan, the Alaska investment policy and the FY20 budget. There will also be asset class updates, a performance report from Callan Associates, an investing in global real estate panel and an investing in Alaska emerging managers panel.
SEP26-27_APFC Annual Meeting_Agenda
SEP26-27 – APFC Annual Meeting Board of Trustees Packet
Notice is hereby given that on September 5, 2018 at 3:00pm APFC will hold a meeting of the Chief Investment Officer (CIO) Selection Committee. The CIO Selection Committee is an ad hoc committee appointed by the Board Chair under Article II, Section 5(b) of the APFC Bylaws. Because the purpose of this meeti0ng will be to discuss the professional qualifications of the CIO candidate, under AS 44.63.130(d)(5), the Open Meetings Act does not apply to this meeting.
The Alaska Permanent Fund Corporation (APFC) will hold its Audit Committee and Board of Trustee Budget Work Session on September 6th, 2018 in Anchorage, AK. The public is invited to attend the meetings in-person or by teleconference; the Audit Committee Meeting agenda will provide an opportunity for public comment and participation.
SEP06 APFC Budget Work Session Board Packet
SEP06 Audit Committee Meeting Board Packet
Notice is hereby given that on August 28, 2018 at 10:00am, APFC will hold a meeting of the Chief Investment Officer (CIO) Selection Committee. The CIO Selection Committee is an ad hoc committee appointed by the Board Chair under Article II, Section 5(b) of the APFC Bylaws. Because the purpose of this meeting will be to discuss the professional qualifications of the CIO candidate, under AS 44.63.130(d)(5), the Open Meetings Act does not apply to this meeting.
Notice is hereby given that on August 14, 2018 at 10:00am, APFC will hold a meeting of the Chief Investment Officer (CIO) Selection Committee. The CIO Selection Committee is an ad hoc committee appointed by the Board Chair under Article II, Section 5(b) of the APFC Bylaws. Because the purpose of this meeting will be to discuss the professional qualifications of the CIO candidate, under AS 44.63.130(d)(5), the Open Meetings Act does not apply to this meeting.
Alaska Permanent Fund is up $5.1 Billion in FY18
Juneau – The Alaska Permanent Fund’s (Fund) investments gained 10.74% in fiscal year 2018 (FY18) and the Fund ended June 30, 2018 with assets under management totaling $64,894,345,000. The unaudited value of the Fund is up $5.1 billion since the start of FY18.
Chief Executive Officer, Angela Rodell, is pleased with this fiscal year’s results, offering – “Alaskans can be proud of the performance and investment returns that APFC is generating for our State. As Alaska begins a program of relying on the Fund in new ways, APFC’s ability to add value and secure compelling investment opportunities while diversifying and controlling risks has never been more important.”
The Fund is comprised of two accounts, the Principal and the Earnings Reserve Account (ERA), that are invested as a single asset allocation with pro-rata shares attributed to each account. As of June 30, 2018, the value of the Principal includes $40.2 billion in constitutionally protected deposits and $5.9 billion in unrealized gains. For the same time period, the value of the ERA includes $16.4 billion of accumulated net income of which $2.7 billion is shown as committed for transfer to the General Fund in FY19. The ERA also holds $2.4 billion in unrealized gains. ….
… Final FY18 performance results and the FY18 audited financial statements will be presented to APFC’s Board of Trustees during their Annual meeting on September 26 and 27 in Anchorage. …
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Please follow this link to see the full news release with performance information for each of our asset classes, as well as our strategic objectives –