Wed, Aug 27, 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 14633 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031