New investment officer to oversee Permanent Fund

Posted: Monday, October 16, 2000

JUNEAU (AP) -- The Alaska Permanent Fund Corp. has hired Allan Moore as its new chief investment officer.

Moore, who graduated from Sitka High School, has held the same job with the Los Angeles Fire and Police Pension System. He was selected from a field of 68 applicants to replace Terry Brown, who retired in July after six years in the post.

Moore will be only the third person to head the state-owned corporation's investments department in its 24-year history.

''Allan has extensive experience managing large institutional funds,'' said Robert D. Storer, executive director of the corporation. ''Equally as important, he understands the role of the Permanent Fund in the history of this state because he grew up in Alaska and has been a frequent visitor.''

Moore earned a bachelor's degree from Harvard University in 1965. He joined the LA Fire and Police Pension System in 1982.

''I am pleased that we were able to find such a uniquely qualified CIO,'' said Clark Gruening, chairman of the corporation's board. ''Allan Moore possess a love for Alaska and the expertise required to manage this great public savings account which means so much to current and future generations of Alaskans.''

Moore will begin work in four to six weeks. His annual salary is $125,000.

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