Alaska Permanent Fund loses money in November

Posted: Monday, December 04, 2000

ANCHORAGE (AP) -- The Alaska Permanent Fund's portfolio of U.S. stocks fell in value by $900 million during November, ending the month at some $8.8 billion.

The Alaska Permanent Fund Corp. said November was a rough month, with the blue-chip Dow Jones Industrial Index falling 5.5 percent and the more tech-heavy Nasdaq composite falling 21 percent.

Overall, with gains in its bond and real estate holdings partly offsetting stock losses, the $26 billion Permanent Fund ended November around $817 million smaller than when it began the month.

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