aiCIO Magazine Looks at Jeff Scott's Surprise Departure from $40 Billion Alaska Permanent Fund

NEW YORK, June 13, 2011 /PRNewswire/ -- In the wake of Jeffrey Scott's surprise departure from the $40 billion Alaska Permanent Fund, where he was chief investment officer, the latest issue of aiCIO magazine takes a look back at his professional accomplishments.

"Although he stayed fewer than three years, Scott drove significant innovation at the Permanent Fund and it will be difficult to find a successor of his caliber," said aiCIO Editor-in-Chief Kip McDaniel.

Noting that Scott opted to become chief investment officer of Wurts & Associates, a Seattle-based investment advisor, McDaniel commented, "Scott was genuinely committed to public service, but it is hard to argue with private sector salaries."

The aiCIO story explains how Scott required the Alaska Permanent Fund's external investment managers to assume many of the responsibilities of chief investment officers, including educating the Fund employees and board of trustees, providing research and spearheading strategy discussions. Scott also pushed for a new way of valuing risk in the Fund's portfolios, by focusing less on rigid asset allocation categories and more on risk factors that cut across asset classes indiscriminately, such as corporate exposure, counter-party risk, currency fluctuations, inflation and deflation.

Under his investment leadership, aiCIO magazine named the Alaska Permanent Fund as the 2010 Industry Innovation Award winner in the Sovereign Wealth Fund category.

"Scott's highly collaborative approach to using money managers and his sophisticated management of portfolio risk have caught the attention of our industry," McDaniel commented. "You can be certain that aiCIO and many of his peers will be watching for his newest ideas."

About aiCIO

A quarterly online publication, aiCIO focuses on the 5,000 largest pools of capital in the world, across pension plans, sovereign wealth funds, endowments, foundations, insurance funds and other leading institutional investors. aiCIO is edited by Kip McDaniel.

About Asset International

Asset International is a privately-held provider of information and technology to global pension funds, asset managers, financial advisers, banking service providers, and other financial institutions in the private and public sector. Its industry-leading brands include Strategic Insight, SIMFUND, Plan For Life, PLANSPONSOR, PLANADVISER, aiCIO, Global Custodian, and The Trade. The company has offices in New York, Hong Kong, London, Melbourne and Stamford, CT.  For additional information please contact Nevin Adams at [email protected]

SOURCE Asset International