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Sovereign Wealth Funds Briefing - Categorized | Performance

Permanent Fund grows along with economy on quarter market surge

Posted on 30 October 2009

From Thenewstribune.com: The Alaska Permanent Fund produced a 10.7 percent return and grew by $3.4 billion during the July-September period, the first quarter of its fiscal year, fund officials said.
The stock market posted one of its best gains in a decade during the quarter, said Michael Burns, chief executive of the Alaska Permanent Fund Corp., the agency that runs the $33 billion oil-wealth savings account. Just over half of the fund — about $18 billion — is invested in the stock market……………………….Full Article: Source

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