Juneau – The Board of Trustees held its quarterly meeting in Juneau and via webinar on February 15, 2023, to review the Alaska Permanent Fund’s second-quarter investment performance, discuss the upcoming annual asset allocation, consider in-state investments, and assess risk management metrics.
Chair Ethan Schutt provides that “the Alaska Permanent Fund’s ongoing success relies on the Board’s and staff’s abilities to provide a long-term risk-adjusted return to benefit generations of Alaskans. This maximum return threshold is best achieved through market-driven decisions, benchmarked performance, and an effective asset allocation based on targeted returns.”
During the meeting, a thoughtful discussion was led by guest speakers, Alaska Senator Stedman and Alaska Representative Edgmon, on the importance of the Corporation’s independence and appropriate oversight. The supportive dialogue also focused on the importance of ongoing outreach and education about the intergenerational benefit of the Fund and its ability to generate annual state revenue. It was acknowledged that given the two account structure, both inflation-proofing to maintain the purchasing power of the Principal and the durability of the Earnings Reserve Account warrant ongoing attention.
