Former Alaskan Permanent Fund Chief Passes

The former director of the Alaska Permanent Fund Corporation (APFC) has passed away at the age of 68 in Juneau. Mike Burns retired in June due to health concerns. He served as head of the APFC for more than a decade. Under Burns, the APFC grew dramatically in assets and he oversaw the diversification into new asset classes. Previously, Burns was the president of KeyBank, National Association (Alaska).

In a public statement, Alaskan Governor Bill Walker said, “It is with a heavy heart that I deliver my most sincere condolences to the family of Mike Burns.” Walker added, “Mike led the Corporation to achieve unprecedented growth during a time of great economic difficultly.”

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