Alaska Permanent Fund Corp., Juneau, is searching for at least one investment professional to serve a three-year term on the investment advisory group that advises the $58.7 billion sovereign wealth fund's board of trustees.
The group, formed in 2001, currently has only one member: George Zinn, corporate vice president and treasurer of Microsoft Corp., Seattle.
The group traditionally has three members, and the board plans to add at least one member and likely two members, spokeswoman Paulyn Swanson said in an email.
Group members are expected to attend at least three of the fund's quarterly board meetings and advise the board on items including the long-term or strategic asset allocation of the fund, risk management framework, investment policy changes and any proposed investments in new asset classes.
Ms. Swanson said the terms reflect the board's desire to increase personal attendance by group members and give them further opportunities to provide investment education to trustees.
The application is available on the state of Alaska's procurement website. The application period ends April 13. A contract is scheduled to begin July 1.