The board of trustees governing Alaska’s $76 billion Permanent Fund voted to sunset an in-state investment program created in 2018, citing potential conflicts with the board’s overall goal of maximizing returns.
Alaska Permanent Fund Corp. trustees including, from left, Ellie Rubenstein, Adam Crum and Craig Richards, talk during a meeting Wednesday in Anchorage.
Still, trustees voted not to add any more funds to the program after some raised concerns over its potential pitfalls, including conflicts of interest and the possibility that the program may not be in line with the board’s goal of maximizing investment returns over time. From left, vice chair Steve Rieger, chair Ethan Schutt and trustee Jason Brune talk during the meeting. The Alaska Permanent Fund Corporation board of trustees met in Anchorage on April 12, 2023.
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