Friday, May 30, 2014

Some Insight Into How Legacy Fund Monies Will Be Invested -- Slate.Com

I last posted an update on the Legacy Fund a few days ago, but I still wasn't able to see how / if the fund's proceeds were going to be invested. A reader found the answer in, of all places:
Instead, the fund is gingerly dipping its toes into the water. Hunter and his team have developed a conservative investment allocation similar to that seen in other pensions—50 percent stocks, 35 percent bonds and 15 percent real estate and other assets. “We’re phasing into that and expect it will be fully implemented by January 2015,” Hunter said.
A big "thank you" to Steve who sent me this link, as well as several others I will be posting over the weekend. Thank you.

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