Investor Presentaiton
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Guiding Statutes for Investing
Prudent Investor Rule Summary
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In additional to other considerations, a fiduciary shall exercise the judgment and care under the circumstances then prevailing that an institutional investor
of ordinary prudence, discretion, and intelligence exercises in the management of large investments.
ARMB/Treasury Statutes
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AS 37.10.071(c) - In exercising investment, custodial, or depository powers or duties under this section, the fiduciary of a state fund shall apply the prudent
investor rule and exercise the fiduciary duty in the sole financial best interest of the fund entrusted to the fiduciary. Among beneficiaries of a fund, the
fiduciaries shall treat beneficiaries with impartiality.
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AS 37.10.210(a) – Consistent with standards of prudence, the board has the fiduciary obligation to manage and invest these assets in a manner that is
sufficient to meet the liabilities and pension obligations of the systems, plan, program, and trusts.
APFC Statutes
SEAL OF
OF ALALI
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37.13.120. Investment responsibilities. (a) The board shall adopt regulations specifically designating the types of income-producing investments eligible
for investment of fund assets. When adopting regulations authorized by this section or managing and investing fund assets, the prudent-investor rule shall be
applied by the corporation. The prudent-investor rule as applied to investment activity of the fund means that the corporation shall exercise the judgment and
care under the circumstances then prevailing that an institutional investor of ordinary prudence, discretion, and intelligence exercises in the designation and
management of large investments entrusted to it, not in regard to speculation, but in regard to the permanent disposition of funds, considering preservation
of the purchasing power of the fund over time while maximizing the expected total return from both income and the appreciation of capital.
THE STATE
of ALASKA
Governor Mike Dunleavy
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