Alaska Permanent Fund Corp. board all but rejects plan for riskier investment target

  • 📰 AKpublicnews
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 55%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Board members had been considering a four-year plan that included an aggressive strategy to reach $100 billion by 2028.

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 387. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
출처: adndotcom - 🏆 293. / 63 더 많은 것을 읽으십시오 »

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.
출처: KTOOpubmedia - 🏆 439. / 53 더 많은 것을 읽으십시오 »

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.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »