Alaska Permanent gains 2.13% in Q1 of FY2019

The Alaska Permanent Fund has gained 2.13 percent during the first quarter of fiscal year 2019 (FY19) and ended Sept. 30, 2018, with total net assets under management valued at $63.9 billion, according to board meeting documents that reviewed the fund performance and risk components.

Callan, APFC’s consultant, in their review of the fund’s performance noted that in the rolling 12-month period ending Sept. 30, the fund gained 8.7 percent as well. This trailing year performance puts the total fund in the top third relative to other large public funds, and in the top half versus other large endowments/foundations, reported Callan.

It was recognized that since the quarter ended on Sept. 30, the markets have exhibited a great deal of volatility, which is expected within a long-term investment horizon. The fund’s portfolio is designed to weather periods of market corrections, and diversification continues to be an essential element in effectively managing the portfolio