Analysis & Insight
Trustees' Papers
A Trustees’ Paper provides insights, education, and analysis on topics relevant to important public understanding and consideration, particularly for entities like APFC entrusted with significant assets under management. APFC’s Board of Trustees has issued ten Trustees’ Papers on the Alaska Permanent Fund – the first being in 1980.

Published in 2024
Trustees’ Paper Volume 10
Trustees’ Paper Volume 10 “A Rules-Based Permanent Endowment for Alaska” underscores APFC’s longstanding commitment to stewardship and accountability. The paper includes an overview of the Fund’s structure, insights into the durability issues under the current construct, and potential solutions to bring the Fund in line with modern endowment practices.
Published 2020
Volume 9
Published 2008
Volume 8
Wealth Management: Sovereign and Permanent Funds Around the World
Published 2002
Volume 7
Making the Case for Complete and Protected Inflation-Proofing.
Published 1999
Volume 6
Alaskans Speak Out on Public Policy Choices. The Role of the Permanent Fund in Alaska’s Future: The Principles & Interests Project
Published 1997
Volume 5
The Early History of the Alaska Permanent Fund: Perspectives on the Origins of Alaska’s Oil Savings Account
Published 1996
Volume 4
Changes to the Investment World During the Permanent Fund’s First Two Decades and a Look into the Future
Published 1989
Volume 3
The Role of the Permanent Fund in Alaska’s Fiscal and Economic Future: A Collection of Public Policy Perspectives
Published 1988
Volume 2
Wealth Management: A Comparison of the Alaska Permanent Fund and Other Oil-Generated Savings Accounts Around the World
Published 1980
Volume 1
Public Investment in Alaska, Essays from the Early 1980s
Governance and Fiduciary Oversight
Board of Trustees
APFC operates under the oversight of a six-member Board of Trustees. The Board serves as fiduciaries of the Alaska Permanent Fund and is responsible for ensuring the Fund is managed in accordance with state law and the highest standards of integrity, transparency, and financial stewardship.