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Forty-five years ago, with the foresight of a time beyond their newfound oil wealth, Alaskans took the initiative to create the Permanent Fund, thus constitutionally protecting a portion of the royalties for future generations. As a steward of the Fund, the Permanent Fund Corporation was established to invest the assets in an innovative financial structure which continues today to stand as a model for sovereign wealth funds globally. The legacy of the Alaska Permanent Fund is, and always has...
