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.
- Apparent tornadoes killed at least 19 people in the South, nearly 4 inches of rain caused mudslides in California and a storm is dumping snow and rain from the Mid-Atlantic through the Northeast.
- That order is mostly symbolic. The Trans-Pacific Partnership, strongly backed by the Obama administration, was never ratified by Congress.
- After a few standout harvests and favorable proposals with the Board of Fisheries, managers are feeling optimistic heading into the new year.
- Kaiser had eight K300 finishes to his name coming into the race and an experienced core team that has raced the past three years. Brent Sass took second and Richie Diehl placed third.