The Alaska Permanent Fund’s (Fund) investments gained 8.86% thru the third quarter of fiscal year 2018 (FY18) and the Fund ended March 31, 2018 with assets under management totaling $64.6 billion. The value of the Fund is up $4.8 billion since the start of FY18 despite increased market volatility. … The value add that APFC staff has contributed through the …
APFC’s Board of Trustees Affirm Diversified Approach to Investing
The Board of Trustees held its quarterly meeting in Juneau, Alaska on February 21-22, 2018. At that meeting, the Board reviewed the mid fiscal year 2018 (FY18) investment performance of the Alaska Permanent Fund (Fund), assessed the position of the portfolio given recent market volatility, discussed establishing a Real Assets allocation, and reviewed the eCIO program. … … While the …
Alaska Permanent Fund Returns 8.45% for the first half of FY18
The Alaska Permanent Fund’s (Fund) investments gained 8.45% in the first half of fiscal year 2018 (FY18) and the Fund ended December 31, 2017 with assets under management totaling $64.0 billion, comprised of $48.7 billion in the Principal of the Fund and $15.3 billion in the Earnings Reserve Account. As we enter the second half of the fiscal year, the …
It’s time to adopt POMV structure for Permanent Fund – Opinion – Angela Rodell, CEO
“Since 2003 the Board of Trustees has endorsed using a percent of market value, or POMV, methodology for determining how much should be drawn from the Alaska Permanent Fund. A POMV establishes a limit to the amount that can be drawn from the Fund and is based on its average annual market value over five years. … We have had a …
Risk Management
INVESTINGFOR ALASKARISK MANAGEMENTThe Alaska Permanent Fund Corporation’s long-term goal for the Fund is to achieve an average real rate of return of five percent (CPI+5%) or better. It is recognized that there may be years, or a period of years, when the Fund does not achieve this goal followed by years when the goal is exceeded. Yet, over one or more …
Private Equity
PRIVATE EQUITYPrivate Equity describes a broad range of investment strategies, investment structures, and underlying assets linked by several common characteristics. These investments are accessed through long-term commitments to funds managed by our investment partners and, where and when it will complement the activity of our partners, through targeted, direct investments into operating companies. Investments in private markets are typically characterized by very long investment horizons …
A Pioneering Investment Model
A PIONEERINGINVESTMENT MODELGuiding PrinciplesRENEWABLE FINANCIAL RESOURCEIn both the Alaska Permanent Fund’s creation and stewardship, Alaskans have successfully converted non-renewable resources into a renewable revenue stream of intergenerational wealth. This has been accomplished by permanently saving a portion of Alaska’s natural resource royalty, protecting its long-term value, and investing it in a well-diversified portfolio of income-producing financial assets.THE PERMANENT FUNDThe Alaska …
Partnership Approach
PartnershipApproachGuiding PrinciplesThe Alaska Permanent Fund Corporation manages and invests the assets of the United States’ largest Sovereign Wealth Fund, the Alaska Permanent Fund, on behalf of current and future generations of Alaskans.APFC’s investment model has been recognized globally for its ability to create and grow value on a sustainable basis for Alaska. The model is based on strong governance with expert board leadership, partnering …
Investment Team Leadership
INVESTINGFOR ALASKAOUR INVESTMENT TEAM LEADERSHIPAPFC’s investment leaders are a select group of highly accomplished professionals committed to adding value to the Alaska Permanent Fund through their active management of the portfolio. Our results driven Directors and their teams strive to out-perform select benchmarks on a daily basis, as they work to generate wealth and grow the value of the Fund.MARCUS FRAMPTON, CFA, CAIA, …
Diversification Framework – Asset Allocation
INVESTINGFOR ALASKADIVERSIFICATION FRAMEWORK — ASSET ALLOCATIONThe Alaska Permanent Fund Corporation has an asset allocation that is approved by the Board of Trustees, reviewed annually, and designed to deliver risk-adjusted returns over the long term for the benefit of Alaskans. When considering the asset allocation, the Board does not try to time markets or focus on short-term market conditions. Instead, the …