A manager of permanent fund assets may, with the prior approval of the executive director or the chief investment officer, utilize foreign exchange transactions. Such transactions include currency forwards, futures, swaps, options, and exchange traded funds, as well as currency strategies, including hedging, cross-hedging, and long or short directional strategies.

(Eff. 1/1/2006, Register 177; am 12/6/2016, Register 221)

Authority: AS 37.13.120, AS 37.13.206