Petersburg Pilot -

I congratulate the Permanent Fund trustees for adopting Resolution 23-01 at their April 12 meeting to limit additional investment in the in-state investment program in which Barings and McKinley Capital Management have each been given $100 million to place in Alaska investments.

The decision appears to have been made in part because of the dismal rate of return received from the in-state investments by the two managers. The decision was also made to see whether the poor performance improves over time.

I fully support the trustees’ decisions not to expand the program and not to allocate mo...