Alaska Permanent Fund Corp., Juneau, returned 14.5% for the first six months of its fiscal year 2011, ended Dec. 31, with $38.4 billion, according to a news release from the fund.
The fund’s $19.4 billion equities portfolio was the strongest performer for the six months. U.S. equities returned 25.4% for the period, while international equities returned 24.6% and global equities returned 24%. The fund’s real return portfolio returned 11.5% for the period; real estate, 6.2%; absolute return, 4.9%; U.S. fixed income, 2%; and international fixed income, -0.1%.
“We held steady to the trustees’ long-term asset allocation in the face of falling markets, so we were well positioned to take advantage of consumer confidence returning and the economy picking up,” CEO Michael Burns said in the news release.
Spokeswoman Laura Achee could not be reached for comment.