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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, Fund Management/Administration

Alaska Permanent Fund board rejects idea of investing in oil-tax credits

Posted on 23 September 2016

The corporation that manages the $54 billion Alaska Permanent Fund is rejecting a proposal from the Walker administration to invest in the oil and gas tax credits issued by the state. The corporation does not view the idea as “an attractive investment opportunity,” said Paulyn Swanson, communications manager for the Alaska Permanent Fund Corp., in an email on Tuesday.
Swanson said the “proposed structure and related returns do not justify taking on the associated risks.” Craig Richards, Walker’s former attorney general and under contract to the governor as a private attorney, pitched the idea to the corporation’s board of trustees at its Sept. 2 work session………………………………………Full Article: Source


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