17.02.2016 - Alaska Permanent returns 2.1% for quarter, missing its benchmark
Alaska Permanent Fund Corp., Juneau, returned 2.1% for the quarter ended Dec. 31 and -2.2% for the first half of its fiscal year, said a news release from the $52 billion sovereign wealth fund. The permanent fund's performance benchmark returned 3.1% and -2.6%, respectively, during the same periods. The sovereign wealth fund's fiscal year started July 1. “A rally this fall helped make up some of the ground lost in the first quarter, but in the end it wasn't enough to bring the permanent fund back to positive performance for the first half of the fiscal year,” said Angela Rodell, CEO/executive director, in the news release. “The slowdown in the Chinese economy and drops in commodity prices, including oil, have weighed on global markets, bringing a several-year period of growth to an end.”..............................................Full Article: Source
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