28.05.2009 - Alaska permanent fund rebound softened by trustee board's decision
From Juneauempire.com: For at least six months, the Alaska Permanent Fund has been holding more bonds and fewer stocks than its policies call for in the hopes that bonds would out perform stocks - a gamble that may have been costly for the $30 billion fund that finances annual dividend checks to state residents. Parts of the battered portfolio, stocks especially, have recently jumped in value. That follows the permanent fund Board of Trustees' decision last fall, made on the advice of investment staff, to delay rebalancing the portfolio.......Full Article: Source
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