Alaska Permanent Fund ends year with $44.9B value
JUNEAU (AP) — The Alaska Permanent Fund posted its highest year-ending balance, with a preliminary value of $44.9 billion.
While the fund has reached higher levels during the year — its unaudited value as of Thursday was $46.3 billion — it has never ended a fiscal year so strongly, Alaska Permanent Fund Corp. CEO Michael Burns said.
“This is a good year,” he said Monday.
The fund, created to share Alaska's oil wealth with future generations, reported an average return of 10.5 percent for the year ending June 30, with all its asset classes yielding positive returns. It had closed 2...