The Alaska Permanent Fund’s unaudited financial statements and performance for the end of fiscal year 2020 (FY20) are now available on APFC’s website. FY20 was an unprecedented year for our State, our Nation, and our World; APFC remained a diligent steward of the Fund throughout the turmoil. Additionally, the Legislature’s FY20 special appropriation of $4 billion and inflation proofing of …
Historical Timeline of the Fund and APFC
Historical Timeline of the Fund and APFC1969 | The Prudhoe Bay Oil and Gas lease sale brings in $900 million in revenues, a significant windfall for Alaska. Some suggest saving part or all of the $900 million, however it is spent over the next few years on capital projects and programs such as the Alaska Student Loan program and the …
Alaska Permanent Fund Corporation Remains Diligent
Alaska Permanent Fund Corporation Remains Diligent As the public equities markets head into ‘bear market’ territory, APFC remains diligent in our management of the Alaska Permanent Fund and in fulfilling our obligations to Alaskans. APFC’s team is navigating through the market downturn by looking into this period of uncertainty to find opportunities that will bring long-term benefits during the recovery …
APFC’s Board of Trustees Brings Forth Recommendations for Fund Sustainability
The Alaska Permanent Fund Corporation’s Board of Trustees held a special meeting on March 5, 2020, to further their recommendations pertaining to the Earnings Reserve Account. The Board of Trustees passed Resolution 20-1 OFFERING ALTERNATE PROPOSALS TO SUPPORT AN ANNUAL PERCENT OF MARKET VALUE DRAW FROM THE PERMANENT FUND. The Resolution brings forth measures to enhance the sustainable use of …
APFC Positioned The Fund To Weather Market Volatility
Juneau – As widely reported and followed, the global stock markets were rocked this past week with double-digit declines across the board, driven by escalating COVID-19 fears and indications that efforts to contain its spread have been ineffective. Fortunately, the Board of Trustees has structured a well-diversified portfolio for the Alaska Permanent Fund (Fund) with a mix of both public and …
Special Telephonic Meeting of the Board of Trustees
The Alaska Permanent Fund Corporation (APFC) will hold a special Meeting of the Board of Trustees on March 5, 2020 telephonically. The public is invited to attend this meeting by webinar; please see the agenda (linked below) for information. Agenda item is limited to discussion and action on a board resolution that provides recommendations regarding the structure and balance of …
The APFC Board of Trustees Recognizes Fund’s Evolving Role
The Board of Trustees held its quarterly meeting in Juneau, Alaska on February 19-20, 2020 to review the performance of the Alaska Permanent Fund through the first half of the fiscal year 2020 (FY20), to consider the current asset allocation and investment policy, and to discuss the structure of the Fund. The Alaska Permanent Fund’s investments were up 5.38% in …
APFC’s Board of Trustees Considers Fund’s Evolving Role
The Board of Trustees held its quarterly meeting in Fairbanks, Alaska on December 3-4, 2019. During the meeting, the Board examined the first-quarter investment performance of the Fund for the fiscal year 2020 (FY20) and discussed the paradigm shift of the Alaska Permanent Fund to an annual value-based methodology for consistent and stable withdrawals from the Earnings Reserve Account (ERA). …
Alaska Permanent Fund Returns for the first quarter of FY20
The Alaska Permanent Fund’s (Fund) investments gained 1.24% during the first quarter of the fiscal year 2020 (FY20), and the Fund ended September 30, 2019, with total assets under management valued at $64.1 billion (unaudited). … In assessing the Fund’s FY20 Q1 performance, APFC’s Chief Investment Officer Marcus Frampton, CFA, CAIA, FRM notes that: ” … In the context of …
APFC’s Tom O’Day – CIO Magazine’s Class of 2019 NextGens
The Alaska Permanent Fund Corporation congratulates Tom O’Day, Portfolio Manager – Fixed Income, on being selected by Chief Investment Officer Magazine for their NextGen award. This recognition is particularly meaningful in that the CIO NextGen achievers are anonymously nominated by their peers for their ascendance as innovative investment professionals. “Tom has proven to be a great asset to the Fixed …