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People - JULY 11, 2018

Russell Read resigns as CIO of Alaska Permanent Fund

by Jody Barhanovich

Russell Read, CFA, Ph.D., has resigned from his position as chief investment officer for the Alaska Permanent Fund Corp. Read is leaving to pursue an opportunity based out of London.

Read served as a member of APFC’s executive team since May of 2016.

“Russell has made valuable contributions to the fund through his vision and dedication to build upon the foundation of the corporation’s long-term investment strategies and governance,” said board of trustees chairman Bill Moran. “We wish Russell well in pursuit of his new endeavors and are well poised to continue our stewardship of the Alaska Permanent Fund on behalf of Alaskans.”

Marcus Frampton, CFA, CAIA has been appointed as the acting chief investment officer. He has been with APFC since 2012 and served as the director of investments, real assets & absolute return. Prior to joining APFC, Frampton held diverse roles ranging from investment banking (Lehman Brothers), private equity (PCG Capital Partners), and as an executive of a private equity–backed portfolio company (LPL Financial).

CEO Angela Rodell will be working with the APFC board of trustees to guide the search process for the chief investment officer position.

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