Alaska budget uncertainty affecting Permanent Fund Corp investment

Uncertainty over how the Alaska Legislature will close the state’s budget gap is affecting the Alaska Permanent Fund Corporation. The corporation is investing more conservatively, so it has cash on hand in case the Legislature uses fund earnings to close the gap.
Listen now
The Alaska Permanent Fund Corp.’s exterior sign. (Photo by Skip Gray, 360 North)The amount of money the Permanent Fund Corporation keeps on hand is usually pretty straightforward. For 35 years, money from fun