Market rally boosts permanent fund in second quarter

Posted: Wednesday, February 10, 2010

JUNEAU - The Alaska Permanent Fund's investments returned 3.3 percent for the second quarter of Fiscal Year 2010, according to reports issued Monday.

The fund ended on Dec. 31 with a value of $34.6 billion, according to the Alaska Permanent Fund Corporation, which manages the money.

For the first half of the fiscal year, the fund grew by $4.7 billion in value and returned 14.2 percent.

The stock market rally that began before the start of the fiscal year carried through the end of the December, although at a slower pace than the first quarter of the fiscal year.

The U.S. stock portfolio returned 5.9 percent for the quarter and 23.1 percent for the fiscal year-to-date; the non-U.S portfolio returned 4.5 percent and 24.1 percent respectively; and the global portfolio returned 4.8 percent and 23.3 percent respectively.

The fund's U.S. bond portfolio returned 1.1 percent for the quarter and 6.4 percent for the fiscal year-to-date.

The non-U.S. bond portfolio was nearly flat for the quarter at 0.3 percent but up for the year-to-date, returning 3.5 percent.

The fund's absolute return investments saw a 2.3 percent return for the quarter and 8.9 percent for the year-to-date, while real estate returned -0.7 percent for the quarter and -0.9 percent for the fiscal year-to-date.

The fund earned $266 million in statutory net income for the quarter, bringing the year-to-date total to $385 million.

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. 



  • 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