“The Alaska Permanent Fund Corp. will be renovating its headquarters in Juneau. Its goal is to modernize its offices and help its workers communicate more easily. It’s budgeted to cost $4 million. Supporters say it may be a small price for the state to pay if it makes a difference in growing the $60.7 billion fund. …”
Permanent Fund’s Special Investments Do Right by Alaskans – Alaska Dispatch News
“Every morning, I pass by words engraved physically on our wall but, more importantly, philosophically at our core. “Maximize the value of Alaska’s Permanent Fund through prudent long-term investment and protection of principal to produce income to benefit all generations of Alaskans.” These words embody the mission that inspires my 41 colleagues to do what we do best: partner with the most experienced and talented investors across asset classes, acquire the highest-quality assets and support visionaries who lead the world’s most promising companies. …”
Alaska Permanent Fund’s Total Value Exceeds $60 billion
Juneau – The Alaska Permanent Fund (Fund) has reached an unaudited value of over $60 billion, a new milestone of achievement and noteworthy result based on 40 years of successful Alaskan stewardship.
How Alaska Decided to Give Its Oil Wealth to Everyone in the State | MIDNIGHT OIL: Episode 05 – Alaska’s Energy Desk
“… They thought they would get a couple million dollars from the auction — maybe 10 — but those lease sales made $900 million — nine times the state’s entire budget for that year. Alaska’s lawmakers had a choice: save it or spend it. What did they do? …”
Alaska Permanent Fund Corporation Working for Alaska
With an Operating Budget for Fiscal Year 2018 passed by the Alaska State Legislature, the Alaska Permanent Fund Corporation (APFC) will remain fully staffed and working on behalf of Alaska. Chief Executive Officer Angela Rodell notes she is pleased that APFC will not need to activate its business continuity plan and that APFC’s staff can remain focused on the active management of the Alaska Permanent Fund.
Alaska Permanent Fund Corporation Prepares for Government Shutdown
Chief Executive Officer Angela Rodell announced today that the Alaska Permanent Fund Corporation (APFC) is taking steps to ensure that the Alaska Permanent Fund and money managed on behalf of the Alaska Mental Health Trust Authority are prudently managed in the event of a government shutdown.
Board of Trustees Quarterly Meeting
The Alaska Permanent Fund Corporation’s Board of Trustees held their quarterly meeting in Juneau, Alaska to review the investment performance of the Alaska Permanent Fund (Fund) and evaluate practices pertaining to the management of the Fund. CEO Angela Rodell notes, she is “exceptionally proud of the team at APFC, and it is rewarding to see that staff’s stewardship of the Fund and commitment to being world-class investors is being recognized on a global stage.”
Permanent Fund up 8.96% for Fiscal Year 2017 to Date
The Alaska Permanent Fund’s (Fund) total value as of March 31, 2017 (unaudited) is $57.8 billion, comprised of $46.1 billion in Principal and $11.7 billion in the Earnings Reserve. The Fund’s investment return for the fiscal year to date (FYTD) is up 8.96% based on unaudited performance results. Angela Rodell, CEO of the Alaska Permanent Fund Corporation, stated that “the solid performance results for the first three quarters of FY17 are encouraging and affirm the dedication of the APFC staff to meet or exceed our performance benchmarks. Over the past 5 years, the total Fund Performance has lead all three benchmark objectives and APFC will continue to strive to maximize returns for Alaskans.”
Alaska Permanent Fund 40th Anniversary Recognized at APFC’s Board of Trustees Meeting
As the Alaska Permanent Fund enters into its 41st year, it was affirmed during the Board of Trustees meeting that the Alaska Permanent Fund Corporation remains dedicated to providing a sound management structure to maintain the safety of the principal, while maximizing investment returns. Chair Bill Moran observed that “in the 40 years since the first deposit on February 28, 1977 of $734,000 of dedicated royalties to the Alaska Permanent Fund, the total value has grown to more than $57 billion today.” He further remarked that “in addition to this growth, over $24.3 billion has been distributed to Alaskans since the inception of the Fund.”
Permanent Fund up 4.50% for Fiscal Year 2017 To Date
The Alaska Permanent Fund’s (Fund) total value as of December 31, 2016 (unaudited) is $55.4 billion, comprised of $45.1 billion in Principal and $10.3 billion in the Earnings Reserve. The Fund’s investment portfolio gained 4.50% in the first half of FY17.
In review of the Fund’s performance, Chief Executive Officer, Angela Rodell, notes that “the Alaska Permanent Fund Corporation’s active management of the Alaska Permanent Fund has added value of $1.32 billion to the overall portfolio in the first half of FY17 by outperforming the passive index benchmark by 2.50% (250 bps).”