FUND NEWS

APFC Welcomes New Trustee John Binkley and Reaffirms Commitment to Strong Governance February 14, 2025

Juneau, Alaska — Feb. 14, 2025 — The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened for its quarterly meeting in Juneau and via Teams Webinar on February 12-13, 2025. Key discussions included the Fund’s performance, an in-depth review of the Real Estate asset class, and updates on compliance, governance, and the APFC’s youth education initiative.  The Trustees also welcomed a new member to the Board.

“We are pleased to welcome John Binkley to the Board,” said Chair Jason Brune. “As a lifelong Alaskan and dedicated public servant, John brings a wealth of experience to the Board. We look forward to his contributions and the work we will accomplish together.”

Partnership and Accountability

The 34th Alaska State Legislature’s presiding officers, Senate President Gary Stevens and Speaker of the House Bryce Edgmon, shared their insights on the vital partnership between the Legislature and APFC in the stewardship of the Fund. They emphasized the Fund’s importance in providing a stable revenue stream for the state and expressed building alignment for the recommendations to pursue a constitutional amendment that would establish a single account endowment with a draw limit for the Permanent Fund, as outlined in Trustees’ Paper # 10.

Click here to read the full press release.

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