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.

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