THE BOARD OF TRUSTEES

GENERAL PERFORMANCE CONSULTANT

Callan Associates, Inc. has served as the Alaska Permanent Fund Corporation’s investment consultant for almost three decades, working in conjunction with the Board of Trustees, the APFC Staff, and the Investment Advisory Council to ensure the Fund has operated in the best interest of the State of Alaska.

Callan is currently under contract to perform APFC’s core general consulting services, including: investment policies and procedures review; annual review and preparation of an asset allocation plan; performance reporting and analysis; risk analysis; statistical modeling, manager searches, selection, and oversight; as well as other special consulting services as needed. Callan presents to the Board of Trustees during their quarterly meetings, providing an extensive review of the Fund’s performance and updates on capital market conditions.

GREGORY C. ALLEN | PRESIDENT AND DIRECTOR OF RESEARCH, CALLAN ASSOCIATES

As President, Mr. Allen is responsible for overseeing Callan’s Fund Sponsor Consulting group, the Trust Advisory Group, and all of the firm’s research groups which include: Global Manager Research, Alternative Investment Research, Capital Markets Research, Database, Client Report Services, and Operations. Mr. Allen is also a member of Callan’s Management Committee, the Alternatives Review Committee, and the Client Policy Review Committee. He is also a member of the Investment Committee which has oversight responsibility for all of Callan’s discretionary multi-manager solutions.

Mr. Allen joined the San Francisco office of Callan in 1988 as an analyst in the Capital Markets Research group where he focused on capital market research, quantitative analysis, product development, and asset allocation liability analysis. In 1993, he took over the Operations and Capital Markets Research groups. He has managed a wide variety of projects for Callan, including the development of the firm’s performance measurement service, the development of Callan’s web site and web-based performance reporting capabilities, and the development and launch of Callan’s PEP for WindowsTM software. In 2000, Mr. Allen was promoted to Manager of Specialty Consulting (Now Director of Research) and in 2007 was promoted to President. He is a shareholder of the firm. Mr. Allen earned an MS in Applied Economics and a BA in Economics (Honors, Phi Beta Kappa ) from the University of California at Santa Cruz.