Trustees Wrap Up Two-Day Webinar Meeting

In Board of Trustees, Uncategorized by Paulyn

APFC’s Board of Trustees held its quarterly meeting via Webinar on May 20-21, 2020.

In recognition of Trustee Carl Brady’s recent passing, Chair Richards, on behalf of the staff and the Board, expressed “our profound gratitude to Carl’s family for his years of service to the Fund and the State of Alaska.  We share in their loss of this monumental Alaskan.” With Trustee Brady’s passing, his longtime friend and fellow long-serving Trustee, Bill Moran, was elected to fill the position of Vice-Chair.

The Board’s two-day agenda provided the Trustees the opportunity to assess the performance of the Alaska Permanent Fund (Fund) through the third quarter of fiscal year 20 (FY20), review the asset allocation of the portfolio, adopt the revised investment policy, and interview and select two investment advisors: Kenneth J. Frier, Principal with SECOR Asset Management and John D. Skjervem, Chief Executive Officer, Allan Biller and Associates.

Full News Release: 2020MAY21_APFC BOT Quarterly Meeting FY20 Q3