Permanent Fund Corp. shuffles investments while waiting on Legislature’s tab

Alaska Permanent Fund CEO Angela Rodell at the corporate office last year. She and other fund managers face uncertainty this year on how much the state will draw from fund earnings. (Photo by Skip Gray/360 North)
Uncertainty over how the Legislature will close the state’s budget gap is affecting the Alaska Permanent Fund Corp. The corporation is investing more conservatively, so it has cash on hand in case the Legislature uses fund earnings to close the gap.
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