Alaska Permanent Fund grew by $1.4B in last fiscal year

ANCHORAGE, Alaska (AP) – Despite a large transfer of funds to the state treasury, the Alaska Permanent Fund has grown by $1.4 billion, a report said.

The fund earned enough from investments to grow by 2% in the fiscal year that ended June 30, The Anchorage Daily News reported Sunday.

The Permanent Fund Corporation’s board of trustees said during a meeting that the fund stood at $66.3 billion, up from $64.9 billion on the same date in 2018.

The fund earned 6.32% on its investments and transferred 4.3%, leaving a small amount for growth. The figures are expected to be finalized at the corporatio...