US - Alaska Permanent Fund has recoved from loses earlier in the quarter to end on positive returns of 2.7% for Q1 of the fiscal year.
The US$38.9bn fund explained hpw following a turbulent start to the quarter, its investments ended on an upswing. Most of the gains came in the last month, when the Fund saw a 3.2% return that offset earlier losses.
For the quarter, the fund's stock portfolios had positive returns, 1.8% for US stocks and 2.2% for the global stock portfolio.
Emerging market stocks continued to grow, with the fund's three emerging market portfolios returning between 8% and 14%,and contributing to the non-US portfolio's 4.4% return.
US and global stock markets reached record highs in July before investors' concerns over problems in the subprime mortgage market caused them to turn sharply downward.
The Federal Reserve Board took action in August and September, lowering the primary credit rate and the federal funds rate respectively,and stock markets started to turn upward again.
The US portfolio returned 2.8% and the non-US portfolio returned 5.1%. Real estate also had positive returns of 1.7%, while the fund's absolute return investments were flat at 0.2%.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.