Alaska Permanent Fund Corp., Juneau, returned 3.3% on its investments for the second quarter of its 2010 fiscal year, ended Dec. 31, 2009, according to a news release from the fund, confirmed permanent fund spokeswoman Laura Achee.
For the six months ended Dec. 31, the return was 14.2%. The fund ended the quarter at $34.6 billion, growing $4.7 billion in the first half of the fiscal year.
“The stock market rally that began before the start of the fiscal year carried through the end of December, although at a slower pace than the first quarter of the fiscal year,” according to the news release.
For the quarter and six months ended Dec. 31, U.S. equities returned 5.9% and 23.1%, respectively; non-U.S. equities returned 4.5% and 24.1%; global equities, 4.8% and 23.3%; U.S. bonds, 1.1% and 6.4%; non-U.S. bonds, 0.3% and 3.5%; and absolute return, 2.3% and 8.9%. Real estate was the only asset class to show negative returns, at -0.7% and -0.9%, respectively.