The Permanent Fund claimed at first that all information about the investments made by McKinley and Barings were secret, including the names of the companies. The state claimed that it would be entirely up to the two financial management companies to decide what Alaskans would be allowed to know.
As I wrote here on December 6., 2021: “The real danger is that secrecy can be a tool to hide public investments from the public to avoid controversy and public discussion. It can also be a tool that allows political influence to decide who gets the benefit of state money.”
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