News Formal

EDITORIAL: Permanent Fund should divest from a bad investment bet

  • 📰 adndotcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Once again, Alaska Permanent Fund Corp. trustee Gabrielle Rubenstein is making headlines for all the wrong reasons.

After a disastrous turn promoting a private-equity investment plan that other members of the APFC board of trustees declined to back (and, while doing so,supplied to the Alaska Landmine political news website revealed further misbehavior by Rubenstein behind the scenes at the state corporation charged with managing the state’s nest egg.

In fairness to Rubenstein, it would be difficult for her to avoid conversations with some of the people involved — one is her father David Rubenstein, co-founder of the massive Carlyle Group private equity firm. In addition, her experience with her own private equity firm, Manna Tree, brings her into regular contact with other financiers and investors, especially those with whom she has financial relationships.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 293. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Letter: Permanent Fund earningsPermanent Fund money is required because Alaska, alone among the 50 states, has no general tax. Or maybe because Alaska has an excessively expensive state government. Or maybe both.
Source: adndotcom - 🏆 293. / 63 Read more »