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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Permanent fund looks to capitalize on housing crisis

Posted on 28 May 2012

The time is right to buy houses, the Alaska Permanent Fund Corp. thinks. It will soon be buying hundreds, if not thousands, of foreclosed properties, said Executive Director Mike Burns.
The permanent fund’s board of trustees, meeting in Anchorage last week, decided to make a bold move into some of the nation’s most distressed housing markets, from San Diego to Tampa………………………………………..Full Article: Source

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