Dunleavy appointees fire Permanent Fund director

The board that oversees Alaska's multibillion-dollar investment portfolio has fired Angela Rodell as chief executive officer of the Permanent Fund Corp.

Legislative leaders and Finance Committee members are upset at the surprise decision and plan to hold hearings to ask questions. The fund this past fiscal year grew more than 25%, with record returns on its investments.

The board on Dec. 9 voted 5-1 to remove Rodell. The five votes came from members last appointed by Gov. Mike Dunleavy. The board did not disclose a reason for the decision, which came after the board conducted a closed-door ses...