The Alaska Permanent Fund reached $40.1 billion on a 20.6% gain in the recently ended fiscal year, The Associated Press reports. The oil wealth fund’s real estate portfolio increased 16.9% for the 2010 fiscal year, while its U.S. bonds portfolio gained 5.3% and non-U.S. bonds 0.6%.
The fund, which earned $2.1 billion in statutory net income, expects to transfer $800 million to the dividend division for checks to Alaskans. The fund ended the fiscal year at nearly $33.3 billion.
Click here for the story from The Associated Press.
