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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

2009 Permanent Fund dividend likely to shrink but not vanish

Posted on 03 December 2008

From ADN: Will the sinking U.S. economy scuttle Alaskans’ Permanent Fund dividend checks too? The dollar signs sure look grim. The fund has lost $9 billion over the past four months.

Right now, the fund’s market value is more than $1 billion under the total amount deposited in the Permanent Fund over the past 32 years. This year is one of only two in the fund’s history — the same thing also happened in 2003 — that the fund’s value has dipped below the sum of its deposits….. Full Article: Source


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