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Alaska Fund Surges 7.9% Despite $200M Deficit

4/8/2025

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Summary

Story summary

Alaska's $80.1 billion Permanent Fund is grappling with a $200 million budget deficit and dwindling oil revenues. Chief Investment Officer Marcus Frampton underscores a global diversification strategy aimed at achieving a return of CPI +5%. Remarkably, despite these hurdles, the fund achieved a 7.9% return for fiscal 2024, surpassing expectations.

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Story summary

Alaska's $80.1 billion Permanent Fund is grappling with a $200 million budget deficit and dwindling oil revenues. Chief Investment Officer Marcus Frampton underscores a global diversification strategy aimed at achieving a return of CPI +5%. Remarkably, despite these hurdles, the fund achieved a 7.9% return for fiscal 2024, surpassing expectations.