DEFINITION of 'Alaska Permanent Fund'

A permanent fund for the U.S. state of Alaska. The Alaska Permanent Fund originates from surplus revenues gained from the development of Alaska's oil and gas reserves.

BREAKING DOWN 'Alaska Permanent Fund'

The Alaska Permanent Fund was established in 1976 by an amendment to the Alaska state constitution. The fund pays an annual dividend to all Alaska residents who meet eligibility requirements. The fund invests in a wide array of asset classes, including domestic stocks, U.S. bonds, global stocks, real estate and private equity.

RELATED TERMS
  1. Alaska Trust Act

    Provides protection against creditors for irrevocable trusts ...
  2. New Mexico State Investment Office ...

    The New Mexico State Investment Office (SIO) is responsible for ...
  3. Permanent Current Asset

    The minimum amount of current assets a company needs to continue ...
  4. Closed Fund

    A mutual fund that has been closed - either temporarily or permanently ...
  5. Permanent Open Market Operations ...

    When the Federal Reserve buys or sells securities outright in ...
  6. Permanent Income Hypothesis

    A theory of consumer spending which states that people will spend ...
Related Articles
  1. Personal Finance

    How Much Money Do You Need to Live in Alaska?

    Learn the average costs for necessities in Alaska, and understand how much money you need to live as a student, professional and unemployed job seeker.
  2. Investing

    Alaska Air Wins Bidding War for Virgin America (ALK, VA)

    A hard-fought bidding war between Alaska Air and JetBlue Airways has come to an end, with Alaska confirming early Monday morning that it will acquire Virgin America for $2.6 billion
  3. Retirement

    What Does It Cost to Retire in Alaska?

    Learn how much money it takes to retire with a comfortable lifestyle in Alaska, and discover some ways to save for an Alaskan retirement.
  4. Investing

    Alaska Air Lands Virgin America for $2.6 Billion

    Alaska Air Group (NYSE: ALK) recently agreed to buy Virgin America (NASDAQ: VA) for $2.6 billion, beating a rival bid from JetBlue Airways (NASDAQ: JBLU). The acquisition will enable Alaska ...
  5. Insights

    5 States with the Highest GDP Per Capita

    Learn about the top five states ranked by their real gross domestic product (GDP) per capita as of 2014: Alaska, North Dakota, New York, Connecticut and Wyoming.
  6. Retirement

    Most Seniors Don't Have a Comfortable Nest Egg

    A new study by Bankrate.com shows people in only three states are saving at least 70% of their pre-retiree income.
  7. Investing

    Alaska Air Group Graduates to the S&P 500

    Alaska Air Group (NYSE: ALK) has climbed into the ranks of a major stock index: S&P Global announced that the airline will be the newest component of the S&P 500. The company replaces solid-state ...
  8. Investing

    Virgin America Stock Rises on Q1 Earnings Beat (VA, ALK)

    Given Virgin's Q1 revenue and earnings beat, marking the fifth time in six quarters, is Alaska Airlines getting a better bargain than initially believed?
  9. Retirement

    You Would Be Crazy to Retire in These 3 States

    Learn the common criteria for choosing a retirement destination, and understand why you would be crazy to retire in Oregon, Missouri or Alaska.
  10. Investing

    Funds of Funds are Falling out of Favor With Institutional Investors

    Funds of Funds were the middlemen between institutional investors and hedge funds once upon a time. But they seem to be falling out of favor.
RELATED FAQS
  1. What is a permanent portfolio?

    A permanent portfolio is a portfolio construction theory devised by free-market investment analyst Harry Browne in the 198 ... Read Answer >>
  2. When was the Bureau of Indian Affairs created?

    Formed on March 11, 1824, the Bureau of Indian Affairs is the oldest operating bureau within the United States Department ... Read Answer >>
  3. Can mutual funds only hold stocks?

    Learn about which types of mutual funds consist of only stocks, which may include stocks in addition to other assets and ... Read Answer >>
  4. What are common mutual funds an investor should consider for investing in oil and ...

    Discover specific information about three of the most common mutual funds for an investor to consider for investing in the ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center