William Lierman, CFA®
Chief Investment Officer, Fixed Income
Alaska Permanent Capital Management 2002-Present
Western Washington University, BA Economics/Chemistry
Chartered Financial Analyst®

The stress in the markets has left no rock unturned. Pain in the equity and credit markets found its way to the municipal markets in March and April. Generally, municipals are stoic investment vehicles that are bought and stashed away into retirement accounts, never to see a trading desk again. These are instruments that historically […]
This summer, I had the opportunity to speak at Accelerate: Alaska, a conference focused on the opportunities, challenges, and future of Alaska. There were a number of speakers at the conference who spoke on a wide range of topics, from behavioral finance to infrastructure. I chose to speak on the case for rational optimism for […]
What a difference a year makes. The Fed over the last 12 months has moved from a “hawkish” view point (US economy overheating, inflation moving up – so rate hikes are warranted) to a more “dovish” view (US economy slowing, inflation in check – so rate pauses or even declines are warranted). At the most […]