Gold, Active Management, and Macro Hedge Funds: The Alaska Permanent Fund's Unconventional Allocation

Gold, Active Management, and Macro Hedge Funds: The Alaska Permanent Fund's Unconventional Allocation

The Interview: The Alaska Permanent Fund is the $75 billion sovereign wealth fund of the state of Alaska, and since oil was discovered in Alaska in the 1970s, the APF has been receiving royalties and investing that capital on behalf of Alaskan citizens. Every year, it pays out a dividend—a form of UBI—to the citizens, who also do not pay any state income tax. In this interview with Sean Fieler, president and CIO of Equinox Partners, Marcus Frampton, CIO of the APF, explains his own unconventional views on investing and how he is bucking the trend in the large institutional investor space. Together, they discuss why Frampton has allocated the APF in gold, active management, and macro hedge funds while resisting the urge to chase private equity like many of his peers. They also discuss Frampton's personal investing style and why he is so attracted to micro-cap stocks and OTC markets. Recorded on March 31, 2021. Key Learnings: Institutional investors, who are the major forces in global markets, are largely driven by the actuarial projections of consultants and, with a few exceptions like Marcus Frampton and the APF, tend to cluster into similar portfolios and assets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(2099)

Markets Confront Iran Risk and Fed Policy | Macro Mondays

Markets Confront Iran Risk and Fed Policy | Macro Mondays

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Markets React to US-Iran Conflict

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Andreas Steno Larsen, founder and CEO of Steno Research, is back with his co-host, Mikkel Rosenvold, partner and head of geopolitics, to break down the latest news with the United States escalating mi...

2 Mar 42min

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This week on REKT Vision, Bijan Maleki, filling in for Mando, sits down with Ejaaz, founder and CIO at 26CC, to close out our Trading the Future content campaign. They discuss the biggest narratives a...

2 Mar 47min

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Join Andreas Steno and Mikkel Rosenvold for this month’s Drinks With Real Vision. With drinks in hand, they’ll break down the latest in stocks, commodities, and geopolitics, share a few personal updat...

2 Mar 1h 1min

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