Politics8/18/2025•Bloomberg
Odd Lots: The One Sovereign Wealth Fund in the US (Podcast)
The article discusses the existence of a Sovereign Wealth Fund in the United States, the Alaska Permanent Fund. Established in the 1970s, the fund was created to manage Alaska's oil wealth and ensure its benefits for the state's residents in the long run. Today, the fund manages over $80 billion, providing annual dividends to Alaskan residents. While the idea of a US Sovereign Wealth Fund has been discussed, the Alaska Permanent Fund remains the only such fund in the country. The article highlights the unique nature of this fund and its role in managing the state's natural resource wealth for the benefit of its citizens.
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