Alaska Permanent Fund Announces New CIO

Marcus Frampton will take over from Russell Read, who departed the $64.9 billion sovereign wealth fund in July.

The Alaska Permanent Fund Corp. has promoted Marcus Frampton to be its new chief investment officer, the fund announced Monday.

Frampton, who was previously the head of real assets and absolute return, had been the acting CIO for the $64.9 billion Juneau-based state sovereign wealth fund since July. This followed the departure of Russell Read, the plan’s former CIO, to become managing director and global head of client solutions for index analytics firm MSCI.

Frampton joined the Alaska Permanent Fund in 2012 after 10 years in investment banking and private equity firms such as Lehman Brothers, PCG Capital Partners, and LPL Financial.

As for his new role, Frampton told CIO he wants to keep working on the corporation’s existing five-year strategic plan, as well as the long-term target allocations noted in its investment policy and procedures statement, which took effect in July.  

He also has his eye on “building our private markets portfolio’s aggregate size, as well as portfolio weighting.”  

“I look forward to maintaining that emphasis as well as continuing to build our internal capabilities across the portfolio,” he said.

Angela Rodell, the organization’s chief executive officer, said Frampton has “proven himself to be a passionate and dedicated investor,” who has contributed significant value to the fund during his tenure.

Tags: , , ,