No need for Permanent Fund to set up Anchorage office

The job of the Alaska Permanent Fund Corp. trustees is to focus on pursuing, maintaining and growing our fund. Instead, they are being sidetracked by their plan to open a satellite office in Anchorage by the end of the year. This is the first step in what will end up being a multi-year, disruptive, unnecessary and expensive move to Anchorage.

The plan to set up an office in Anchorage is analyzed in a May 10 memo to Board Chair Ethan Schutt, from Mike Barnhill, the Permanent Fund’s chief operations officer. It lays out options and costs (including personnel moving expenses) for an office in Anc...