The Alaska Permanent Fund Corp.’s board of trustees voted April 12 to wind down its in-state investment program, citing potential conflicts with the board’s overall mission.
Through the program, established by the board in 2018, managers directed $200 million from the Permanent Fund’s $76 billion portfolio to be invested in-state. Corporation staff previously reported the in-state investments were underperforming compared to the fund’s out-of-state investments, but reiterated during the board’s quarterly meeting that it was…