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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Permanent fund principle input high, despite declining north slope production

Posted on 30 September 2010

From Aprn.org: The Alaska Permanent Fund Corporation is holding its annual meetings in Fairbanks this week. The state owned corporation’s director Mike Burns says the fund’s value has been on a roller coasters ride in recent years, as the economy has gone from boom to bust, and now recovery.
Burns says the fund survived despite the heavy financial slump of 2008, one of the five worst economic years on record in the U.S. Permanent Fund investments are diversified worldwide, and Burns says fund managers did not react when the sharp down turn hit……………………………………….Full Article: Source

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