Alaska Permanent reports 7.3% return for 6 months

Alaska Permanent Fund Corp., Juneau, returned 7.3% for the six months ended Dec. 31, including a 2.7% return for the quarter ended Dec. 31, according to a news release from the $44.6 billion sovereign wealth fund.

Equity portfolios were the main drivers for the returns. International equity returned 13.7% for the six-month period, followed by global equity, 11%, and U.S. equity, 7%.

In alternatives, infrastructure had the strongest returns for the first six months of the fund's fiscal year, which ends June 30, at 8.4%, followed by real return, 7.2%; private equity, 5.1%; and absolute return, 3.9%. Real estate returned 3.8%.

Domestic fixed income returned 3.3% for the six months ended Dec. 31; non-U.S. fixed income returned 2.9%.

As of Jan. 22, the sovereign wealth fund had an actual asset allocation of 20.9% international equity, 16.6% domestic fixed income, 16% alternatives, 13.1% domestic equity, 12.4% global equity, 10.4% real estate, 7.1% real return, 2.2% non-U.S. fixed income and 1.3% cash.

— Contact Kevin Olsen at kolsen@pionline.com | @Olsen_PI