Juneau, Alaska (KINY) Returns were 2.13 percent in the first quarter of 2019.
The Alaska Permanent Fund Corp. announced statutory net income at $846 million for the quarter. They had a balance of $63.9 billion in the fund.
The fund balance dropped by $931 million from $64.9 billion because the legislature appropriated money from the Earnings Reserve Account to fund state government.
The legislature approved a 5.25 percent of market value draw, about $2.7 billion in May. $1 billion was used to pay annual dividends and the rest put toward state government services.