Stellar returns on investments this year

ANCHORAGE (KTUU) The Alaska Permanent Fund Corporation says it has made “stellar returns” on investments this year.

The fund made over 12.57% in the 2017 fiscal year, a figure that allows the fund to grow to over $60 million.

The Board of Trustees Chair Bill Moran said this “high mark is a testament to the Alaskans who had the foresight to create the Fund, the leaders of yesterday and today who have maintained the integrity of the Fund and the dedicated professionals of the Alaska Permanent Fund Corporation who have attentively invested the Fund.”

Part of that growth includes an almost $13 billion dollars in the earning reserve account.

An account that is available for appropriation and not constitutionally protected.

Final audited returns will be presented to the Board of Trustees at the Corporation’s annual meeting, September 27 and 28, in Juneau.

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