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APFC Appoints Hedge Fund Exec As New CIO

Alaska Permanent Fund has appointed Jay Willoughby as CIO of the $38 billion Alaska Permanent Fund Corp.

Alaska Permanent Fund has appointed Jay Willoughby as CIO of the $38 billion Alaska Permanent Fund Corp. (AFPC). Willoughby will take up the new role from November 1 with an annual remuneration of $325,000.

Willoughby replaces Jeffrey Scott, who left the sovereign wealth fund in August to join an institutional investment consulting firm Wurts & Associates as CIO, adds Pensions & Investments. Previously, Willoughby has served at New Jersey–based midsize hedge fund Ironbound Capital Management as a co-managing partner.

Click here for the release from Alaska Permanent Fund Corp.

Click here for additional coverage from Pensions & Investments.

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