In the first quarter of fiscal year 2015 the Alaska Permanent Fund has returned -1.2 percent and ended the quarter with a value of $50.7 billion.
CEO Michael Burns said after the last two years of rising markets a small down turn is not expected, adding that although European and Asian markets look like they are facing worse circumstances and may be down for a few months, U.S. markets are looking sound.
Mild Losses were Produced in the Fund’s U.S. portfolios which returned at -0.9% but larger declines in overseas portfolios like the Non-U.S. portfolio which returned at -5.4%.
Strong positive returns were seen in private equity holdings and infrastructure holdings which were up 5.4 % and 3.8% respectively.
Despite those diminutive returns, the Permanent Fund earned $772 million in statutory net income, the amount used to calculate the annual Permanent Fund Dividend.
