The Board of Trustees discussed the long-term strategic plan during the annual meeting last week to set the stage for a special meeting of the Board in October. The Board is actively working through a strategic planning process that will bring about more opportunities for progress to advance the work of the Corporation as a global investment advisor and grow …
Annual Report
Value Generated for AlaskansRealized Earnings (since inception) $83.6 BILLION Long Term Performance 8.81% ANNUALIZED 5% Revenue Draw $3.4 BILLION IN FY23Alaska Permanent Fund Corporation in FY23The Alaska Permanent Fund Corporation’s (APFC) team of experienced and knowledgeable professionals is committed to the stewardship of one of Alaska’s most precious resources and the largest sovereign wealth fund in the US. The Alaska …
Trustees Look Towards Strategic Planning and Trustees Paper #10
The Board of Trustees held a Special Meeting on September 6-7, 2023 to discuss the FY25 budget proposal and upcoming working group initiatives, and an Audit Committee on September 7, 2023 to review the FY23 independent audit report and consider the internal audit functions. The Board also took action to authorize the FY24 budget authority to enter a lease for …
Start of FY24 Financial Statements
The financial statements for the beginning of the fiscal year 2024 (FY24) for the Alaska Permanent Fund are now available. As of July 31, 2023, the Alaska Permanent Fund has an unaudited total value of $75.7 billion. The value of the permanent deposits in the Principal is $56.5 billion with $12.4 billion of associated unrealized gains. The Earnings Reserve Account …
Providing Alaska-based Opportunities for Professional Talent
The Alaska Permanent Fund Corporation’s vision is to deliver outstanding returns for the benefit of all current and future generations of Alaskans. Accomplishing this vision requires skilled and capable professional staff, consistent discipline in adhering to long-term strategies, and durable accountability to our stakeholders. It also requires the fortitude to be adaptable, to grow, and to set forth meaningful action. …
Committed to Generating a Maximum Risk-Adjusted Return
The Board would like to ensure Alaskans that APFC is committed to generating a maximum risk-adjusted return to benefit generations of Alaskans through prudent investments across a number of asset classes. Despite difficult market conditions, the Fund has earned positive returns this calendar year. Alaskans may not realize that the Earnings Reserve Account supports inflation-proofing the Principal for the future …
APFC’s Board of Trustees Quarterly Meeting
Kenai-Soldotna – The APFC Board of Trustees met in Kenai-Soldotna and via webinar on May 17-18, 2023 to adopt an update to APFC’s Asset Allocation and Investment Policy. Additionally, the Board discussed relevant risk parameters, the Private Equity asset class and private market pacing, the FY23 and FY24 operating budgets, an analysis of opening an APFC office in Anchorage, and …
Opportunity and Execution, Asset Allocation at APFC
If there were a risk-free investment allocation in which the Alaska Permanent Fund could achieve its long-term return objective of 5% plus inflation, the Fund’s investment management would be relatively straightforward. Realistically, it is not possible to achieve this targeted return safely through any single investment or asset class. Before the 1980s, governments generally had more regulations related to investment …
APFC’s Board of Trustees Regular Meeting Overview
Anchorage – The Board of Trustees held a regular meeting in Anchorage and via webinar on April 12, 2023, to hear updates on portfolio activity, further conversations on the Fund’s Asset Allocation and the in-state private equity investment program, review elements of the Public Equities portfolio, and consider the Corporation’s peer group definition for compensation.
Hedging against inflation with Global Rates
High inflation and rising interest rates have been making headline news for the past year. Inflation occurs for several reasons, but it doesn’t necessarily happen in every country to the same degree or at the same time. In 2022, while the US Federal Reserve and central banks worldwide began aggressively increasing interest rates to fight inflation, some countries saw more …