Thu, Apr 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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


 Article link

This post was written by:

VRS - who has written 13926 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930