Alaska Permanent Fund Corp., Juneau, returned 2.1% for the third quarter ended March 31, according to a news release from the sovereign wealth fund.
The fund ended the quarter with $50.4 billion in assets, up from $49.7 billion at the end of the previous quarter
Private equity and infrastructure were the strongest performers for the quarter, returning 7% and 5.1%, respectively. Real estate returned 3.5%, followed by U.S. bonds and international bonds each returning 2.1%.
Returns on public equities slowed in the third quarter. Global equity returned 1.9%; domestic equity, 1.8%; and international equity, 0.7%.
Real-return strategies returned 1.9% and absolute return was up 1.1%.