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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Fund is proof Alaskans can do something right

Posted on 09 May 2011

Alaskans seem glum these days. Legislators are fighting over the budget and oil taxes. There’s declining oil production. Our big gas pipeline dream seems down the tube. With all that, let’s ponder something we can feel really good about.
That is our Alaska Permanent Fund. It’s now back above $40 billion in market value and throwing off well more than billion dollars a year in cash income, not even considering gains in value. The fund took a big hit in the recession, dropping a third in value like our own 401(k)s, but it’s now recovered the lost ground, and more………………………………………Full Article: Source


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VRS - who has written 13934 posts on Opalesque Sovereign Wealth Funds Briefing.


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