30.10.2009 - Permanent Fund grows along with economy on quarter market surge
From Thenewstribune.com: The Alaska Permanent Fund produced a 10.7 percent return and grew by $3.4 billion during the July-September period, the first quarter of its fiscal year, fund officials said. The stock market posted one of its best gains in a decade during the quarter, said Michael Burns, chief executive of the Alaska Permanent Fund Corp., the agency that runs the $33 billion oil-wealth savings account. Just over half of the fund -- about $18 billion -- is invested in the stock market............................Full Article: Source