The Alaska Permanent Fund Board of Trustees scheduled a special meeting on Monday.
Among items on the agenda are action items to vote to increase assets under management to $100 billion, achieve increased returns above Consumer Price Index + 5%, consideration of leverage, asset allocation adjustments, and execution within private markets. The board also plans to adopt a long-term strategic plan to better manage inflation pressures that are eating away at the real value of the fund, which is about $74 billion currently.
Changes proposed may be encouraging higher-risk investment and even taking out loans to invest. That could mean greater yields some years, and poorer yields in other years.
The board is also weighing proposed changes to how Permanent Fund dividends are distributed to Alaskans, through a possible constitutional amendment that would reduce the dividend. That is an item that probably won’t be voted on at this meeting, but may be discussed.
Ethan Schutt is the chair of the Alaska Permanent Fund Board of Trustees, and Gabrielle Rubenstein was recently elected vice chair.
The meeting takes place at 10:30 a.m. – 4:30 p.m., with a break for lunch, and will be held at the Permanent Fund office in Juneau, 801 W. 10th Street.
Event Password: APFCMtg
Access Code: 2630 570 5754
Numeric Password: 2732684