Wed, Nov 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Permanent Fund, oil income stung by financial quagmire

Posted on 14 October 2008

From Adn.com: The world financial crisis is hitting Alaska with a one-two punch, as the Permanent Fund has shriveled in value by one-quarter — falling $10 billion in all — and oil prices plunge amid fears of a global recession.

But state officials aren’t particularly nervous. Legislators say the price of oil is still comfortably above the state’s break-even point. And Permanent Fund managers say they plan to ride out the market swing without changing course on their investments….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 15264 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930