New York, NY – APFC was awarded the 2021 Best Places to Work in Money Management by Pensions & Investments this week. Rising to meet the challenges presented in 2021, APFC’s staff continued to excel becoming more empowered to optimize the workplace to best suit their strengths, while building a stronger Corporate culture. Having closed the 2021 fiscal year at …
APFC’s Commitment to Invest and Manage the Fund
Together, APFC’s resilient team of talented professionals continue to do the work that Alaskans, our global financial partners, and ourselves demand – Invest and manage the Alaska Permanent Fund for the intergenerational benefit of all Alaskans. Built on a strong foundation of knowledge and expertise, APFC is strengthened by the sum of its parts. Our culture incorporates the values that …
History
HistoryEstablishing FundAPFCTimelineAlaskans’ Guide To The FundFor the ClassroomHISTORYTen years after Alaska achieved statehood, oil was discovered on the North Slope and the young state was suddenly rich. With the understanding that Alaska’s new oil wealth would not last forever, residents created the Alaska Permanent Fund in 1976 so this non-renewable resource would provide benefits to current and future generations. Four …
Fund Management
MissionBoard of TrusteesInvestmentAccountabilityFund ManagementThe Alaska Permanent Fund is a globally recognized sovereign wealth fund, established in 1976 by Alaskans to preserve and convert the State’s non-renewable oil and mineral wealth into a renewable financial resource for all generations of Alaskans.The Alaska Permanent Fund Corporation was created by the Alaska State Legislature in 1980 as an independent state entity tasked with …
Fund Structure
Fund StructurePrincipalEarnings ReservePOMVTrustees PapersFUND STRUCTUREThe Permanent Fund has two parts: the Principal and the Earnings Reserve Account (ERA). Both are invested together using the same asset allocation, but they are very different in how they can be used by law: the Principal is permanent savings, the ERA is available to spend.PrincipalThe Principal is the permanent part of the Alaska Permanent …
Unraveling the complexity, settling trades in Trade Operations
When it comes to investments, how familiar are you with custody? A custodial relationship for investment management is a relationship in which a designated agent is given a layer of control to assist the owner in transacting and safekeeping their assets. The Permanent Fund’s stocks, bonds, treasuries and other investments aren’t physically or digitally stored in the APFC office in …
The Alaska Permanent Fund: Taking Care of Alaska and Alaskans for 45 Years
The late Governor Jay Hammond liked to dream big. He wanted to “transform oil wells pumping oil for a finite period into money wells pumping money for infinity.” His dream came true. Because of the Alaska Permanent Fund, Alaska is now the only State that earns much of its unrestricted general fund revenues from the global economy. Today, the Alaska …
Upcoming APFC Board of Trustees Special Meeting
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Special Meeting on November 9, 2021, for the purpose of discussing: (1) the active resolutions of the Board and whether any of these resolutions should be amended or repealed; (2) the active resolutions of the Board as they relate to the Percent of Market Value (POMV); and (3) …
Media
Media Inquiries For all media inquiries, please contact our Communications Team with “media inquiry” in the subject line. Media may also call 907.796.1500 or fax 907.463.1573 for additional information. News and Press ReleasesResources & LinksBoard of Trustees Hold Special MeetingMay 8, 2024APFC Acknowledges Public Access to Executive SessionMay 8, 2024APFC Board of Trustees Special Meeting – May 8, 2024May 6, 2024APFC …
APFC Board of Trustees discusses Fiscal Year 2021 Performance at Annual Meeting in Kodiak
Kodiak – The Board of Trustees met to review the fiscal year 2021 (FY21) investment performance of the Alaska Permanent Fund (Fund), strategic and background information from several of APFC’s investment partners and members of the Investment Advisory Group, as well as electing corporate officers and approving a budget proposal which will be brought forth for inclusion in the FY23 …