28.06.2012 - Permanent Fund approves foreclosures deal
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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