Ethan Schutt

Permanent Fund trustees create committee to review benchmarks tied to staff bonuses

“given the nature of how benchmarks can incentivize behavior by investment teams and staff and/or reward them with their near-annual performance bonuses”

The Permanent Fund's budget is up $5.3 million, and most of it goes to managers

A new committee would review how the Permanent Fund measures itself

“Strong governance depends on clear standards for measuring investment performance. A consistent, transparent review process strengthens oversight and helps ensure those standards remain aligned with the Fund's objectives. I commend staff and advisors for bringing this forward.”