THE BOARD OF TRUSTEES
INVESTMENT ADVISORY GROUP
The Alaska Permanent Fund Corporation (APFC) Investment Advisory Board was formed in February of 2001 with the purpose of providing APFC Trustees further insights into the increasingly complex and changing world of institutional investing. The advisors impart special perspectives drawn from their professional knowledge in the areas of portfolio management, overall management of a large fund and experience with an endowment or trust fund. The advisors serve staggered three-year terms.
Ken Frier, CFA, has over 30 years of experience as an institutional investor, having been Chief Investment Officer of The Walt Disney Company, Hewlett-Packard Company, Stanford Management Company and the UAW Retiree Medical Benefits Trust. He is currently the President of Allocators LLC, an investment consulting firm specializing in asset allocation and investment risk management. Ken graduated with honors in Mathematical Science from the University of North Carolina, Chapel Hill and has an MBA from the Stanford Graduate School of Business, where he was an Arjay Miller scholar.
John D. Skjervem is Chief Investment Officer for the Utah Retirement System (URS) which manages a financial and real asset portfolio totaling $50.6 billion as of June 30, 2021 and comprises both defined benefit and defined contribution retirement programs. Prior to URS, John was Chief Executive Officer of Alan Biller and Associates, responsible its $131 billion institutional investment advisory practice. John also previously served as Chief Investment Officer for Oregon State Treasury where he and his team managed a $111 billion, globally-diversified investment program. Before his tenure in Oregon, John held a variety of portfolio management and leadership positions at Northern Trust including Chief Investment Officer for that firm’s $180 billion wealth management division. John is a member of the Alaska Permanent Fund Corporation’s Investment Advisory Group, an advisor to the Retirement Board of the Public Employee Retirement System of Idaho and a member of the IEEE Foundation’s investment committee. He also serves on the Pacific Pension Institute’s Board of Directors. John holds the Chartered Financial Analyst designation, received his BA in Economics from the University of California, Santa Barbara, and earned an MBA with concentrations in Finance and Statistics from the University of Chicago’s Booth School of Business.
As Corporate Vice President and Treasurer, Mr. Zinn is responsible for overseeing Microsoft’s corporate assets. He leads a group which manages the company’s worldwide financial and corporate risk, investment portfolio, strategic portfolio, foreign exchange, corporate and structured project finance, dilution management, cash and liquidity, customer financing, and credit activities. Mr. Zinn is dedicated to minimizing financial risks for Microsoft while optimizing returns. Prior to joining Microsoft in 1996, he was a partner in a money-management firm specializing in foreign exchange and commodity trading. Mr. Zinn holds a B.A. in Economics and Environmental Studies, with a minor in Romance Languages, from Bowdoin College. He earned his MBA from the University of Washington while working at Microsoft. Mr. Zinn has also been recognized by Treasury & Risk Management Magazine as a Top 40 Finance Professional under 40.