Blog: Dermot Cole
Wall Street price swings mean billions for Alaska's Permanent Fund
Published Wednesday, October 15, 2008
The Alaska Permanent Fund recovered about $1 billion of its recent losses in the stock market rally Monday, but falling prices today seem likely to cut into the rebound.
In a period of extreme volatility, the fund dipped to $30.5 billion last Wednesday and $29.6 billion Thursday.
The unaudited list of fund assets totaled $30.6 billion after Monday's rally and $30.7 billion Tuesday.
The fund value stood at about $35 billion in mid-September.
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