Comment by dcookie
4 days ago
I know it is not the same thing, but in case people aren't already aware, Alaskan residents have long owned stocks in private companies.
It is called the Alaska Permanent Fund and a constitutionally established sovereign wealth fund invested in a diversified portfolio and managed by a state-owned corporation, the Alaska Permanent Fund Corporation.
Earnings help fund the state government and annual dividend checks are distributed to residents.
it is not the same thing :)
I admitted as much, but I think a lot of people interested in the concept of government ownership of private corporations may enjoy broadening their knowledge and understanding of existing sovereign wealth funds within the United States.
I'm sorry if your interest wasn't piqued or you were already aware of the fund.