As Alaska's APFC mulls trimming its 18 per cent private equity allocation, the reality of getting legacy managers off the books is proving more challenging, according to deputy CIO, private markets Allen Waldrop. In an interview with Top1000funds.com, he also shares his view on secondaries and manager selection.
As Alaska's APFC mulls trimming its 18 per cent private equity allocation, the reality of getting legacy managers off the books is proving more challenging, according to deputy CIO, private markets Allen Waldrop. In an interview with Top1000funds.com, he also shares his view on secondaries and manager selection.
At a recent board meeting, trustees at Alaska's sovereign wealth fund APFC garnered insights on governance from recent turmoil at PSERS' and Ohio State Teachers.
In a recent board meeting, trustees at APFC heard from governance experts on the importance of self evaluation; why rules around trustee contact with investment staff are important and how more board members could support oversight at the sovereign wealth fund.
Alaska's CIO Marcus Frampton explains why he's keen to pare back private equity. Writing smaller cheques comes with consequences but he'd rather get the right portfolio exposures ahead. Absolute return and RE become a focus.
Recruitment and retention of investment and operations staff at the $79.4 billion Alaska Permanent Fund Corporation is now so acute the fund is exposed to operational risk with potential adverse impacts on performance and corporate reputation.
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