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ProPublica: Alaska investment fund missed red flags before investing $29m in Peter Pan deal

Summary by Undercurrent News
The investigation reportedly found that, months before a deal was inked with Rodger May, the seafood buyer was involved with a failed Alaska venture that left scores of fishermen unpaid and led to a criminal probe into financial fraud
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Reporting From AlaskaReporting From Alaska

Reporting From Alaska- Permanent Fund's $29 million Peter Pan fiasco deserves a legislative review

The decision by the Alaska Permanent Fund Corporation to invest $200 million into companies with some connection to Alaska has been a mixed success at best.Nat Herz, Hal Bernton and ProPublica have a good story today on how the decision by Rob Gillam of McKinley Capital Management to put $29 million of state money into Peter Pan Seafood went wrong.Their reporting details a process flawed by bad policy from the start.The $29 million disclosure is…

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Undercurrent NewsUndercurrent News

ProPublica: Alaska investment fund missed red flags before investing $29m in Peter Pan deal

The investigation reportedly found that, months before a deal was inked with Rodger May, the seafood buyer was involved with a failed Alaska venture that left scores of fishermen unpaid and led to a criminal probe into financial fraud

Read Full Article
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Undercurrent News broke the news in on Thursday, February 13, 2025.
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