The Alaska Permanent Fund Corp. almost certainly will not seek riskier investments as it tries to increase the value of the fund to $100 billion, its board of trustees decided Monday as the board prepared to finalize a new four-year strategic plan.
“I think it’s likely it will stay at the CPI-plus-5, based on the robust discussion today,” said board chair Ethan Schutt. Mathematically, hitting $100 billion in five years would require an average annual return of 9.3% — roughly 7% atop expected inflation.“Would I set that goal personally? I don’t know,” he said. “I’m not sure I’d be there with that 9.3 number.”
Britt Harris, the interim CEO of the Texas Permanent School Fund and a member of the Permanent Fund Corp.’s Both Harris and fellow investment advisory group member George Zinn, treasurer of Microsoft, advised the board to target 4% returns instead — a figure that’s below, not above, the fund’s current 5% target.
“Anything above 5% is starting to look like an outlier when you’re considering public money,” said Greg Allen of Callan, the Permanent Fund Corp.’s third-party advisory firm.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Alaska Permanent Fund Corp. board all but rejects plan for riskier investment targetBoard members had been considering a four-year plan that included an aggressive strategy to reach $100 billion by 2028.
Fonte: adndotcom - 🏆 293. / 63 Leggi di più »
Alaska Permanent Fund Corp. board all but rejects plan for riskier investment targetBoard members had been considering a four-year plan that included an aggressive strategy to reach $100 billion by 2028.
Fonte: KTOOpubmedia - 🏆 439. / 53 Leggi di più »
GameStop Corp. Cl A stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »