05.08.2011 - Permanent value: Fundís long-term view pays off for Alaskans
Amid mediocre economic news from around the nation and world, itís encouraging to see the Alaska Permanent Fund Corp. doing well. In fact, it did better than well during the fiscal year that ended June 30, growing more than 20 percent. The fund topped out for the first time with a year-end value that exceeded $40 billion. This rebound of about $10 billion in two years is attributable to the fundís decision to stay in the stock market during the financial meltdown of 2008. About half the fundís value sits in the stock market, and keeping it there was a good call..............................................Full Article: Source
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