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APFC’s CIO resigns

CEO Angela Rodell is working with the Board of Trustees to lead the search process for the CIO position.

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Russell Read, the chief investment officer of the Alaska Permanent Fund (APFC), has tendered his resignation. A member of the APFC’s Executive Team since May of 2016, Mr. Read leaves to pursue an opportunity based in London according to a press release.

Marcus Frampton has been tapped as acting chief investment officer. Mr. Frampton previously served as the Director of Investments, Real Assets & Absolute Return.

The $65 billion US public pension has a 11 percent target allocation to private equity that currently stands at 12 percent.