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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Alaska Permanent Fund hits record value: $50bln

Posted on 04 March 2014

The Alaska Permanent Fund has hit a record-high value. The total value for the fund hit an unaudited value of $50 billion on Thursday, according to the Alaska Permanent Fund Corp. The corporation manages fund investments.
The fund is a state nest egg built in part from Alaska oil revenue. Michael Burns is CEO of the corporation. He says close to half of the fund is invested in stocks, which had a strong year in 2013 and helped the fund to grow by more than $5 billion over the last year………………………………………..Full Article: Source


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