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%.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.