15.06.2012 - Permanent Fund holds its own despite market turbulence
Alaska’s Permanent Fund has been riding the roller coaster of financial markets and will probably end its fiscal year on June 30 in basically a break-even position, according to the Fund’s executive director Mike Burns. The monthly performance report prepared for the Fund’s trustees for April 30 showed a 0.76 percent gain in value over the prior 12 months, although the fiscal-year-to-date (July 1 to April 30) was little better, a gain of 2.03 percent...............................................Full Article: Source
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