Permanent Fund Closes Books on First Annual Loss

The Permanent Fund is closing the books on its first annual loss since it was established in 1976.  The $30 billion balance at the end of the fiscal year shows a $6.5 billion drop in value from last year.  The loss reflects the condition of one of the five worst years in the history of US investment markets – dating back more than 200 years.

Dave Donaldson, APRN – Juneau

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