• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
32s

Alaska Permanent Fund hits record value: $50B

By Associated Press 2:35 PM February 28, 2014

Close to half of the fund is invested in stocks, which had a strong year in 2013 and helped the fund to grow by more than $5 billion over the last year

JUNEAU, Alaska (AP) – The Alaska Permanent Fund has hit a record-high value.

The total value for the fund hit an unaudited value of $50 billion on Thursday, according to the Alaska Permanent Fund Corp. The corporation manages fund investments.

The fund is a state nest egg built in part from Alaska oil revenue.

Michael Burns is CEO of the corporation.

He says close to half of the fund is invested in stocks, which had a strong year in 2013 and helped the fund to grow by more than $5 billion over the last year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest Stories

  • Crime

    Charging documents show woman found in car was tortured, shot before being killed

    by KTVA CBS 11 News on Jun 29, 17:17

    A late night DUI crash turned into a homicide investigation after police found a dead woman in the back of a vehicle Monday night. Charging documents against the driver, 34-year-old Benjamin Wilkins, revealed the woman had been severely injured and killed prior to the crash. Wilkins was detained on suspicion of intoxication after failing field sobriety […]

  • Lifestyle

    Alaskans: Be bear aware with fish waste

    by Megan Edge on Jun 29, 13:50

    Fishermen, watch where you waste. The Alaska Department of Fish and Game is asking you to dispose of any leftover fish parts and pieces in the appropriate areas. Tossing waste in the wrong places can be dangerous for bears and humans, plus it could lead to a fine. “It’s fishing season and folks need to […]

  • Crime

    Teens suspected in kidnapping, robbery attempt in Eagle River

    by Associated Press on Jun 29, 13:50

    Three teenagers are being held on suspicion of kidnapping an Eagle River resident during a robbery attempt. Alaska State Troopers say two of the teens, a 19-year-old and an 18-year-old, are from Wasilla. They say a 17-year-old will be waived to adult status in the case. Troopers say that at about 4 a.m. Wednesday, the […]

  • DayBreak

    Workforce Wednesday: 10 skills to master to impress an employer

    by Daybreak Staff on Jun 29, 12:40

    Getting a job is all about knowing what to do and what not to do in order to get that interview, then climb the ladder, especially as the state’s job force becomes more competitive. Alaska Process Industry Careers Consortium’s (APICC) outreach coordinator meets with businesses statewide to get a better feel for the workforce. Martha […]

  • News

    Showing some skin: Army says sleeves can now be rolled up

    by KTVA 11 News on Jun 29, 12:16

    Just in time for the summer heat, the U.S. Army has granted permission for soldiers to roll up their sleeves. Now, commanders may give the green light to soldiers to roll up the sleeves on their Army combat uniforms. The authorization, effective immediately, was signed into action on June 28, according to an Army release. […]

  • DayBreak

    Doctor heals Alaskans with regenerative medicine

    by Daybreak Staff on Jun 29, 11:46

    An innovative treatment that could eventually improve stubborn injuries like tennis elbow and knee tendonitis is now being offered in Alaska. It’s called regenerative medicine. Dr. Matthew Peterson, medical director at Algone Interventional Pain Clinic, said regenerative medicine utilizes the patients own blood to help them heal. Peterson went on to say it processes the […]

  • News

    Turkish PM outlines bombers’ airport attack tactics

    by CBS/AP on Jun 29, 11:39

    Last Updated Jun 29, 2016 3:00 PM EDT Turkish Prime Minister Binali Yildirim said Wednesday one of the attackers at Istanbul’s Ataturk Airport blew himself up outside, giving the other two the opportunity to get inside the building. “When the terrorists couldn’t pass the regular security system, when they couldn’t pass the scanners, police and security controls, […]

  • Politics

    Gov. Walker caps this year’s PFD checks at $1,000

    by Liz Raines on Jun 29, 11:20

      Updated at 11:40 a.m. on Wednesday, June 29 ANCHORAGE — In an unprecedented move, Gov. Bill Walker announced Wednesday morning he’s partially vetoing funding for the Alaska Permanent Fund dividend checks this fall – cutting them to $1,000 instead of an estimated $2,000 under current calculations. “The cuts we’re making are difficult, but we’re […]