Institutional Investors

Alaska Permanent hires new CIO


Jay Willoughby took up the post of chief investment officer at the Alaska Permanent Fund Corporation on 1 November with an annual salary of $325,000.

He replaces Jeffrey Scott, who left in August to join Wurts and Associates in Seattle to lead that firm’s discretionary investment practice. Max Giolitti, a director of asset allocation and risk at Alaska Permanent, joined Scott at Wurts.

“Jay comes to us with experience managing funds of different sizes with different goals and risk para¬meters, as well as experience working directly with equities and real estate,” said Michael