APFC Governance Committee Pursues Best Practices

In Uncategorized by Paulyn

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

 

APFC Board of Trustees Governance Committee Meeting – May 20, 2024

In Uncategorized by Juliette Alldredge

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.

APFC Acknowledges Public Access to Executive Session

In Board of Trustees, News by Juliette Alldredge

JUNEAU—The Alaska Permanent Fund Corporation (APFC) was alerted to the fact that the Board of Trustees’ executive session held during the May 8, 2024, Special Meeting was accessed by members of the public.

APFC is concurrently assessing and conducting a forensic analysis of the compromised session.

 

APFC Board of Trustees Special Meeting – May 8, 2024

In Uncategorized by Jennifer Thorsteinson

The Alaska Permanent Fund Corporation (APFC) Board of Trustees will hold a virtual Special Meeting on May 8, 2024 at 8:00 a.m. to discuss the security of APFC’s records systems and document management procedures for confidential information.
Because a public discussion about potential vulnerabilities of procedures and systems could cause immediate financial harm to the Fund, the Board may convene in executive session under AS 44.62.310(c)(1) to discuss this subject.
The public is invited to attend the non-executive session portion of this meeting via Webinar (information listed in the agenda linked below), or telephonically.

May 8, 2024 APFC Board of Trustees Special Meeting Agenda_x

To provide public comments and statements to the APFC Board of Trustees email boardpubliccomment@apfc.org.

APFC Addresses Concerns Raised in Media Reports

In Uncategorized by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) acknowledges recent media reports concerning internal communications regarding potential conflicts of interest. We take these concerns seriously and were addressing the issue through established protocols prior to coverage by the media. We are committed to ensuring the well-being of our team and the integrity of the Fund’s investment process and to working on behalf of all Alaskans. Transparency and accountability are core values at APFC.

A review of this matter is underway to identify next steps.  We will provide further updates as appropriate.

APFC Board Prepares for Annual Asset Allocation Review in Special Meeting

In Board of Trustees by Juliette Alldredge

JUNEAU – The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) held a special meeting focused on asset allocation and private markets investments via webinar on April 22, 2024. The meeting featured in-depth presentations from its partners at AQR Capital Management, Pathway Capital Management, and Callan. Additionally, APFC staff provided an update on legislation and the funding status of APFC’s FY25 budget priorities to support professional talent and recruitment opportunities.

The Trustees held this education session to hear from trusted partners on the private markets landscape and its role within the Fund’s portfolio. This serves as critical context for the planned asset allocation discussion during the May quarterly meeting. The Board is committed to ensuring the Fund’s investments are well diversified and can provide a compelling long-term risk-adjusted return under various market conditions for the benefit of Alaskans.

Click here to read the full news release.

April 22, 2024 Board of Trustees Special Meeting

In Board of Trustees by Jennifer Thorsteinson

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Special Meeting on April 22, 2024. The primary topic for the Special meeting is investment related presentations from Callan, AQR, and Pathway to provide education in advance of the May Quarterly meeting. There will also be a legislative update.

The public is invited to attend this meeting via webinar (link is in the agenda) and there will be an opportunity for public comment and participation at the beginning of the meeting. 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 4 pm on Friday, April 19.

April 22, 2024 APFC Board of Trustees Special Meeting Agenda

April 22, 2024 APFC Board of Trustees Special Meeting Packet

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Alaska’s Renewable Revenue – High School Curriculum

In Uncategorized by Juliette Alldredge

Alaska Permanent Fund Corporation Launches Statewide Curriculum 

JUNEAU – Underscoring its commitment to educating Alaskans, the Alaska Permanent Fund Corporation (APFC) has partnered with the Alaska Resource Education (ARE) to create The Permanent Fund: Alaska’s Renewable Revenue. It’s a curriculum with engaging lessons and ready-to-go activity kits for Alaska’s educators to teach students about the Permanent Fund: Alaska’s Renewable Revenue.

“With an enduring dedication to our Alaskan stakeholders, we are pleased to announce the introduction of our high school curriculum,” noted APFC Board Chair Ethan Schutt. “This is a meaningful step forward, building upon the vision and direction of the Board to support our Alaska Youth in learning about the Alaska Permanent Fund.”

As part of the official launch in March, APFC is providing ready-to-go activity kits to the first 50 Alaska educators who sign up for the curriculum training.

Press Release - APFC Launches Statewide Curriculum Feb. 29, 2024
Learn More About the Curriculum

APFC Releases Trustees’ Paper Volume 10

In News by Juliette Alldredge

JUNEAU - Trustees’ Paper Volume 10: A Rules-Based Permanent-Endowment Model for Alaska is now available. The academic paper is authored and features analysis by Dr. Malan Rietveld, a renowned expert in sovereign wealth funds.  

APFC’s vision is to deliver outstanding returns for the benefit of current and future generations of Alaskans. A Trustee Paper provides insights, education, and analysis on topics relevant to important public policy considerations, particularly for entities entrusted with overseeing significant assets, investments, or funds. APFC’s Board of Trustees has previously issued nine Trustee Papers on the Alaska Permanent Fund – the first being in 1980.

Click here to download a copy of Trustees' Paper Volume 10. 

“Our responsibility is to educate Alaskans and respectfully provide policymakers with the necessary tools and options for their consideration given known concerns. Trustees’ Paper Volume 10 identifies issues, explores options, and provides a menu of timely solutions,” remarked Ethan Schutt, Chair of the Alaska Permanent Fund Corporation.

Click here to read the full news release.