Redefining Risk
What a month October was. Markets went in a direction that made investors pause, and volatility (often considered the market term for “risk”) dominated the headlines. At APCM, investment team members spent our time digesting economic and financial market data to look beneath the headlines and determine if these movements materially impacted our current outlook […]
Insights from our meeting with Janet Yellen
A couple of weeks ago I was thrilled to find out that I would be part of a small group of ten industry professionals from around the world that would participate in a 30-minute Q&A with Janet Yellen. As I was preparing to leave Alaska to make the long trip to Toronto, I shared this […]
Corporate Health Remains Strong
The second quarter’s earnings season (data reported in early 3Q) is nearly complete with 96% of S&P 500 companies having reported their current financial status. The biggest takeaway is that US corporate health remains strong. Both revenues and earnings are higher than last year. Earnings grew +24.7% year-over-year while Revenues grew +9.0%. Corporate borrowing levels […]
Pension Intercept Law
BACKGROUND Illinois passed what is known as the Pension Intercept Law (Public Act 96-1495) in 2011, but, for several reasons it did not fully take effect until 2016. This law gives pension funds the ability to intercept state shared revenue to fund pension obligations if they are not funded at their minimum requirement. As Illinois […]
GDP Party in Full Swing
The U.S. economy is humming along at a great pace right now. Corporate earnings are up an impressive 24% versus a year earlier, and a larger number of companies are beating earnings estimates than normal (80% of companies that have reported second quarter results beat estimates, the highest reading since FactSet began tracking the measure). […]
Meet Our Intern – Alexander Emili
Myself I am an Alaskan at heart, but not by birth. Born in South Carolina, went to elementary school in Ohio, I ended up in Alaska for the sixth grade. When I first moved up here, it was a different world from the rest. I learned to love the relative isolation and the gorgeous scenery […]
Refining the Rise in Recent Oil Prices
There has been a plethora of headlines lately regarding the most recent appreciation in oil prices. While the recent pull back has left oil at around $65 per barrel, this commodity had 7.5% increase in the first quarter of 2018 and has more than doubled since the trough in 2016! We at APCM thought it […]
Summer Internship Opportunity
Firm Alaska Permanent Capital Management Company Alaska Permanent Capital Management was founded in 1992 by David Rose, a former Executive Director of the Permanent Fund. APCM is an independent investment manager and advisor. APCM’s current clientele is comprised of institutions in the public and private sectors as well as individuals under its private wealth division […]
Going Beyond the Adopt-A-Road Program
We continue to research the newer products available in the marketplace that have been created as the industry understands more about the different sources of return and risk available. One of those newer investment opportunities is the ability for all market participants to invest in infrastructure throughout the world. This opportunity comes to us through […]
Don’t Run! It’s not what you think
The start of February has brought volatility back into the bond and equity markets. The 10-year Treasury started the month yielding 2.79%, traded up to 2.84%, then down to 2.71% and currently is at 2.90%. The S&P 500 started the month at 2,823 traded down to 2,648 and has recouped a few points 2,695. Hmmm. […]