Permanent Fund Corp. nets 2.13% return in first quarter

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Alaska Permanent Fund Corp. managers encountered challenges in the first quarter of the 2019 fiscal year, generating a 2.13 percent return during the first period they are being relied upon to provide revenue for government services.

The Permanent Fund ended the quarter Sept. 30 with a balance of more than $63.9 billion, according to Alaska Permanent Fund Corp. financial statements.

CEO Angela Rodell said in a formal statement that the less-than-desirable quarterly return highlights the significance of having of a well-diversified investment portfolio and “meaningful allocations to private market assets.”

Permanent Fund Corp. nets 2.13% return in first quarter
Rick Rydell

Rick Rydell

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