Permanent Fund shows good return

Posted: Monday, February 07, 2011

JUNEAU — The Alaska Permanent Fund did well in the first half of fiscal year 2011.

Fund managers say the fund showed a 14.5 percent gain. That means the fund’s value was $38.4 billion at the end of the second quarter ending December 31st.

Fund Chief Executive Officer Mike Burns says the fund was well-positioned to take advantage of the return in consumer confidence and the strengthening economy.

Managers say the fund earned $761 million in statutory net income, which is used to calculate the annual Alaska Permanent Fund dividend.



Page not found | Juneau Empire - Alaska's Capital City Online Newspaper

Page not found

We're sorry, but the page you were seeking does not exist. It may have been moved or expired.  Perhaps our search engine can help. 

 

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING

X