Alaska Plan Eyes New CIO
June 17, 2008
The Alaska Permanent Fund Corporation (APFC) is conducting an internal search for a new CIO to replace Richard Shafer, said Laura Achee, spokeswoman for the plan.
She said that Shafer has decided to leave the fund. His last day will be July 30.
The APFC board desires candidates with experience as either a CIO or senior member of a portfolio management team. Achee said that the board hopes to have the position filled by the fall.
Mike Burns, the CEO at the $40 billion plan, will also serve as interim CIO.
The Juneau-based plan has a current asset allocation consists of 27% domestic equity, 13% non-U.S. equity, 14% global equity, 23% domestic fixed-income, 3% non-U.S. fixed-income, 10% real estate, 4% private equity, 4% absolute return and 2% infrastructure, according to its Web site.
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