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.
- Kindred Post owner Christy Namee Eriksen, her staff and other community members whittled 250 entries down to 10 winners, with a priority on artists who've been social marginalized. Their work will be sold in a run of 1,000 postcards in October.
- Researches from the University of Washington used 80 years of data to figure out how much warming fish could withstand. They discovered fish in the tropics are already living in water at the upper end of their threshold.
- The Alaska Department of Fish and Game announced Wednesday that it is opening king salmon fishing in Southeast Alaska, beginning Oct. 1.
- Security consultants say they discovered an unsecured online database with information on nearly 600,000 Alaska voters last week.