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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Compliance/Regulation/Legal

Permanent Fund approves foreclosures deal

Posted on 28 June 2012

Alaska’s $40 billion fund to look to hard-hit markets for rental properties it may later sell. The Alaska Permanent Fund Corporation’s board of trustees gave their final approval Tuesday to a new investment strategy hoping to capitalize on low home prices by buying and renting foreclosed homes.
The board approved investing $400 million in the new strategy, despite concerns from at least one trustee. There have also been concerns expressed about Alaska seeming to capitalize on others’ misfortune………………………………………..Full Article: Source


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