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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Permanent Fund loses $1 bln in one day

Posted on 11 August 2011

The Alaska Permanent Fund’s value dropped more than a billion dollars in a single day Monday when the stock market tumbled, and even after Tuesday’s market rally is estimated to be about $2 billion down from its June 30 heights.
The market value of the fund reached $40.1 billion at the close of the fiscal year on June 30. That was the highest it has ever ended the year, prompting officials to send out an Aug. 2 announcement to the news media that led to widespread coverage of the fund’s success……………………………………….Full Article: Source


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