24/08/2015
Alaska sovereign funds earns returns of 4.9% in 2014/2015
p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 0); line-height: 120%; }p.western { font-family: «Droid Sans»,sans-serif; font-size: 12pt; }p.cjk { font-family: «Droid Sans Fallback"; font-size: 12pt; }p.ctl { font-family: «FreeSans"; font-size: 12pt; } The Alaska sovereign fund, the Alaska Permanent Fund, earned returns of 4.9% in the fiscal year concluding at the end of June, compared with returns of -1.4% for the benchmark index, according to preliminary esrtimates. Net assets in the fund totalled USD52.8bn as of the end of June, after transfer of dividend. The US equity portfolio gained 7.2% in the fiscal year, while the ex-US equity portfolio lost 5.2%. The US bond portfolio earned gains of 1.2%, but the allocation dedicated to non-US bonds lost 2.4%. Real estate completed the year with returns of 9.8%, and private equity posted gains of 16.5%.
