APFC Board meets in Anchorage

MAY 8 - The Permanent Fund Board will meet in Anchorage on May 28-29. In addition to other business, CIO Rick Shafer will lead a discussion on alternative assets, and the Board will then consider a new asset allocation for adoption.

There will also be an audit committee meeting on Wednesday May 28. The meeting is open to the public.

• Board Meeting Agenda
• Audit Meeting Agenda

Permanent Fund joins IMF sovereign wealth meeting

April 30 - APFC Executive Director, Michael J. Burns, will attend a meeting on April 30 and May 1, in Washington D.C. at the International Monetary Fund to develop best practices guidelines for sovereign wealth funds.

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Market turmoil impacts Permanent Fund in third quarter

APRIL 22 - The Permanent Fund ended March 31, 2008 with a value of $37.3 billion, below the fiscal year starting value of $37.8 billion. The Fund’s investments returned -4.6% for the quarter, producing a fiscal year-to-date return of -2.6%.

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Alaska Permanent Fund ranked highest of non-pension funds

APRIL 21 - The Alaska Permanent Fund was ranked the highest of non-pension funds, ahead of Norway's sovereign fund and the Alberta Heritage Fund, in an evaluation of best practices conducted by the Peterson Institute of Washington D.C.

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APFC Board releases new Trustee paper, updates Alaska CD program

FEBRUARY 28 - The Permanent Fund Board approved changes to the Alaska CD program at a meeting held on February 27 and 28. Michael O'Leary of Callan Associate, the Board's general consultant, provided an annual review of recent market performance, expected economic trends and considerations for the Fund's asset allocation. John Gunn, CEO of Dodge and Cox, also gave the Board his firm's thoughts on current market conditions and changes in the economic landscape.

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