US - The Alaska Permanent Fund said it lost ground in the second quarter of fiscal year 2008, with a total return of -0.5%, ahead of the benchmark return of -0.6%.
This brought the fund's return to 2% for the fiscal year-to-date with a value of $38.9bn on 31 December 2007. Michael Burns, chief executive officer, Alaska Permanent Fund, said: "Essentially we'r...
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