| The Alaska Permanent Fund returned 4.6% in the first quarter of Fiscal Year 2013 according to figures released today, against its benchmark return of 4.7%. The Fund ended on September 30 with a value of $42.3 billion, a gain of $2.0 billion over Fiscal Year 2012.
Permanent Fund Cooperation CEO Michael J. Burns credited actions by the central banks at home and overseas that helped spur increases in global stock markets, even though many of the world’s regions are in an economic slump, and after the stock market losses of 2012, this rally is a welcome change as all asset classes for the Permanent Fund had positive returns this quarter, leading to a solid start to the fiscal year...............................................Full Article: Source |