Alaska’s APFC mulls the positives of growing its small crypto exposure
Alaska Permanent Fund Corporation (APFC), the $84 billion sovereign wealth fund, currently has less than 1 per cent of its portfolio invested in cryptocurrency-related investments. But the positive returns from the small allocation and tailwind from US policymakers are creating enthusiasm to explore what a larger allocation could bring to the portfolio.
The permanent fund has a total $9 million public market exposure to cryptocurrency investments, said chief investment officer Marcus Frampton, speaking during the annual board of trustees meeting in Anchorage.
Frampton said the return on the investments has been positive, largely driven by a handful of high performers like a stake in crypto exchange Coinbase, and various Bitcoin…
