Alaska Permanent Fund plans new distressed debt play and 'mini-funds' to enhance the $6.5 billion opportunities portfolio. Susan Barreto looks at how history has shaped the fund's actions
New distressed debt play and 'mini-funds' enhance $6.5 billion opportunities portfolio further
By Susan Barreto
The $31 billion Alaska Permanent Fund has been a rich gift most Alaskans may take for granted and probably does not seem to carry the caché that one would expect from being the only US-based sovereign wealth fund.
Alaska residents' annual cheques over the course of 27 years have ranged from $331 to well over $1,000. This autumn marks only the third time in the fund's 33-year history that staff have reported a net loss. Following 2008's