01.03.2011 - Alaska fund managers minimize risk
From Peninsulaclarion.com: Representatives of the Alaska Permanent Fund appeared before the Alaska Legislature on Friday, explaining their investment strategies and defending their earnings returns.So far this year the permanent fund has lagged the U.S. stock market, but that's to be expected given its conservative investment strategy, said Mike Burns, the fund's executive director. The fund's Board of Trustees concerned some legislators last year when they quietly changed how the fund's investments were organized..............................................Full Article: Source
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