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Sovereign Wealth Funds Briefing - Categorized | Performance

Permanent Fund and its advisers should say where the forecasts went wrong

Posted on 12 February 2009

From Newsminer.com: When the principal consultant and the executive director of the Alaska Permanent Fund appeared before the Senate Finance Committee Tuesday, this is what I would have liked to hear: “We didn’t see the collapse coming. We missed it. Just like most of the other high-paid experts.”

A simple statement in plain English would be a good starting point in helping Alaskans understand why the state’s main savings account was transformed from a $40 billion fund into a $29 billion fund in a little more than a year. …. Full Article: Source


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