Permanent Fund Adds 4.9%

Permanent Fund Adds 4.9%

first_imgActing Executive Director Valerie Mertz says the returns are in line with three and ten-year goals. Real estate was an area of growth for the Permanent Fund in more ways than one.  Not only did the Fund’s investments gain 9.8 percent for the fiscal year, but the portfolio expanded in notable ways as well.  The Fund’s long-time investment, Tyson’s Corner Center outside Washington D.C., celebrated the successful grand opening of a sizeable three-building addition, including an office tower, hotel and apartment complex. Finally, the purchase of 50-percent ownership interests in retail properties in Portugal and Spain added to the year-old European portfolio. She wrote,“after two years of rising stock markets, we weren’t surprised to see corrections in the U.S. and overseas markets at the start of the fiscal year.  Later rallies helped make up lost ground, but the earlier losses certainly weighed on overall returns. “ FacebookTwitterEmailPrintFriendly分享The Alaska Permanent Fund is up 4.9%, resting at $52.8 billion after a “volatile” FY15. The U.S. stock portfolio gained 7.2 percent for the fiscal year, while the non-U.S. portfolio returned -5.2 percent.  The Fund’s global portfolio, which contains both U.S. and non-U.S. stocks returned 1.2 percent. Bonds had periods of difficulty over the fiscal year as well, and while the Fund’s U.S. portfolio was up 1.2 percent, the non-U.S. portfolio lost 2.4 percent.    Statutory net income is the amount used to calculate the annual Permanent Fund Dividend. The Fund earned $2.9 billion in statutory net income for fiscal year 2015, and transferred $1.4 billion to the Permanent Fund Dividend Division for the 2015 dividend payment. The 2014 dividend transfer was $1.2 billion. Private equity was a strong contributor, with the portfolio gaining 16.5 percent over the fiscal year.  The Fund’s infrastructure investments were also up, returning 4.7 percent for the period. The absolute return and real return portfolios are comprised of multiple asset types, and returned 1.7 percent and 3.4 percent respectively.last_img

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