| The Alaska Permanent Fund Corporation announced Wednesday that the state investment fund it manages started fiscal year 2012 with a loss of $3.1 billion.
The first-quarter ended Sept. 30 with the Alaska Permanent Fund valued at $37 billion. The fund was coming off of its best year yet, earning a 20 percent return in 2011, but market declines were somewhat expected, said Permanent Fund Executive Director Mike Burns in a release. “Bull markets don’t last forever,” he noted...............................................Full Article: Source
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