The Alaska Permanent Fund Corporation reported a return of .02 percent for the fiscal year. The total value of the fund is sitting at $40.3 billion.
“It was a volatile year for the global stock markets, particularly overseas markets,” said Michael Burns, CEO, in a press release. “Stocks make up about half of the Fund’s investments, so they had the largest impact on our performance. “
The Fund’s U.S. stock portfolio returned 2.3 percent. The non-U.S. portfolio returned -14.6 percent while the global portfolio returned -4.7 percent according to the press release.
The Permanent Fund earned $1.6 billion in statutory net income. This income comes from real estate properties, dividends from stocks, interest on bonds and the sale of assets.
The Permanent Fund Dividend is calculated by averaging five years of the statutory net income.
This year, $605 million will be transferred for the fall dividend payment. Last year, the APFC transferred $801 million to the Permanent Fund Dividend Division for the fall payment.
- The nursing supervisor on shift at Bartlett Regional Hospital said the hospital had not received any patients related to the fire as of about 7:20 p.m.
- The fate of the state’s budget remains uncertain. It remains to be seen how the House and Senate will go about negotiating compromises.
- The interview process to choose Haines’ next municipal leader began Monday morning. Local residents Debra Schnabel and Brad Ryan are the two finalists for the borough manager job. They answered questions from borough staff — their potential employees — during the first round of interviews.
- About 30 different organizations and individuals put the fair together, including environmentalists and wildlife advocates.