APFC hires new CIO
OCT 13 - The Alaska Permanent Fund has hired Jay Willoughby for the position of Chief Investment Officer of the Alaska Permanent Fund Corporation. He will join the APFC on November 1, at an annual salary of $325,000.
"Jay comes to us with experience managing funds of different sizes with different goals and risk parameters, as well as experience working directly with equities and real estate," said Michael Burns, Chief Executive Officer. "Like many of our peers around the world, he is interested in the risk based asset allocation we have created and looks forward to having it as part of his tool kit for managing the Fund's investments."
Willoughby was a Co-Managing Partner at Ironbound Capital Management, a mid-sized hedge fund based in New Jersey, for five years. Prior to that, he spent nine years at Merrill Lynch, serving as a Chief Investment Officer for a program serving high-net worth private investors, and as Head of Research for Equity Funds. Before hiring on at Merrill Lynch, Willoughby worked at AEW Capital Management The Crabbe-Huson Company and Black and Company.
Willoughby holds an MBA with a Finance Concentration from Columbia University Graduate School of Business and a B.A. in Biology from Pomona College. He is a Chartered Financial Analyst.
Posted: October 13, 2011