FUND NEWS                               Feb 26, 2015

Permanent Fund Board appoints auditor, reviews performance

FEB 26 - The Alaska Permanent Fund Corporation Board of Trustees approved hiring KPMG as the Corporation’s independent financial auditor at its regular meeting, held Wednesday and Thursday in Juneau. KPMG was the lead firm following a competitive review process, and will provide an annual independent audit of the Permanent Fund’s financial statements, and assist in other projects as necessary.

In addition to approving the hire of KPMG, the Board:

  • heard presentations from the Board’s consultant, Callan Associates, and APFC staff on the performance of the Permanent Fund’s investments,
  • reviewed the Fund’s ECIO and Absolute Return programs,
  • heard presentations on investment issues, including the challenges and opportunities of investing in China and India, and Smart BETA ETF investments, and
  • reviewed staffs’ recent progress in implementing the Board’s Strategic Plan.

The next regular Board meeting is scheduled for May 19 and 20 in Anchorage.