APFC receives Industry Innovation AwardDEC 3 - The Alaska Permanent Fund received the aiCIO Industry Innovation Award in the Sovereign Wealth Funds category in New York on Thursday, December 2. The other nominees in the category were the Abu Dhabi Investment Council, the Government Investment Corporation (Singapore) and the Alberta Investment Management Company.
"During his tenure at the Permanent Fund, our Chief Investment Officer Jeff Scott has guided us into new ways to view investment risk, changing how we group our assets and manage risk," said Bill Moran, Board Chair. "We didn't set out to make change for the sake of change, but to better ensure that the Fund is well positioned to provide benefits for Alaskans now and in the future. While the ultimate reward is a healthy Permanent Fund, it's still an honor to be recognized by our peers in the financial industry."
The awards are designed to recognize investors that employ innovative investment practices leading to the greater preservation of capital, long-term, consistent results and the creation of a solid foundation for future returns. Finalists for the awards are chosen by the Asset International editorial team in consultation with a four-member awards panel comprised of the former chief investment officers of the Pension Benefit Guarantee Corporation, IBM, the World Bank Pension, and General Motors Asset Management. Asset International reviews proprietary and third-party quantitative data, and gathers insights from other appropriate parties (consultants, asset owners, asset managers) regarding the finalists before selecting the winner in each category.
Asset International provides information and technology solutions to financial management firms and institutional investors. In addition, they produce several publications, including aiCIO, which focuses on the needs of the world's largest endowments, foundations, pension funds, insurance funds, and sovereign wealth funds through a quarterly magazine, a twice-weekly email newsletter, and daily news (at ai-cio.com).
Posted: December 3, 2010
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