New APFC director starts work

Mike Burns began work Monday as the new executive director of the Alaska Permanent Fund Corporation, replacing Bob Storer, whose resignation was effective in June. Burns, a retired banker, was the chairman of the Conference of Alaskans called by Governor Murkowski in February. The question then was whether permanent fund money should be used to help finance state government. Now Burns’ job is to manage the $27 billion dollar fund for the best rate of return. Bill McAllister reports.