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MOA trust posts gains; board plans staffing, consultant updates and twice‑yearly disbursements
Summary
The Municipality of Anchorage trust reported investment gains through mid‑August and outlined a plan to pay its statutory distribution twice a year, while hiring a director of investment operations and running a new consultant RFP.
The Municipality of Anchorage (MOA) trust reported positive investment performance through mid‑August and said it will pay its annual distribution roughly twice a year, a trust official told the Assembly Budget and Finance Committee on Aug. 21.
The trust’s board chair, Alex Slifka, told the committee that “to update performance through June 30, it's up 6.81% for the year or 455,000,000,” and that as of Aug. 15 the fund’s value was about $465,000,000 with a roughly 9% return for the period.
Why it matters: The trust pays the municipality 4% annually; stronger returns increase money available for city services now and in the future. The board also is making near‑term operational moves — including hiring a director…
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