In May, a series of leaked emails suggested some corporation employees felt pressured by investment suggestions offered by Rubenstein.
Ellie Rubenstein , member of the Alaska Permanent Fund Corp. board of trustees, is seen during a special meeting on Monday, Oct. 3, 2022, in Juneau.
Ellie Rubenstein, the investment manager at the center of an email leak affecting the Alaska Permanent Fund Corp. board of trustees, is resigning from her seat on the board, she said Wednesday.suggested some corporation employees felt pressured by investment suggestions offered by Rubenstein. Those suggestions could represent a conflict of interest, they said.
Following the email leak, the six-person board — which governs the $81 billion investment portfolio held by the Alaska Permanent Fund — voted to investigate the source of the leak, and Rubenstein became chair of a governance committee charged with drafting rules that govern interactions between staff and members of the board.and said through a spokesperson that her work on the board takes a large amount of time and she needs to focus on her private equity company,.
Asked whether the timing of Rubenstein’s resignation was due to the leaked emails, the reappointment or other factors, Ullman said, “Ellie has concluded that the scope and pace of change necessary to fully institutionalize the Permanent Fund are not compatible with the demands of leading her private equity firm.”is part of States Newsroom, a network of news bureaus supported by grants and a coalition of donors as a 501c public charity. Alaska Beacon maintains editorial independence.
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