TREASURY and Resources and Social Security have released the value of States investment funds.

In the latest quarterly bulletin from Treasury and Resources, minister Charles Parkinson (pictured) said the two significant balances of the superannuation fund and contingency reserve fund, total just under £1bn.

As of 31 March the value of the superannuation fund was £665m. compared to £718m. at the end of last year.

The figure for the contingency fund stands at £212m., dropping from £224m. on 31 December.

In addition, Social Security released its investment fund total, which stood at £488m. at the end of March. That is divided into the Guernsey Insurance Fund, Guernsey Health Service Fund and Long-Term Care Insurance Fund. Again, the amount had dropped from £518m. at the end of December.

‘The first quarter of 2009 saw further falls in global stock markets,’ said Social Security minister Deputy Mark Dorey.

‘But there has been a significant upturn in April and May. If the recent recovery in markets holds, the figures for the second quarter should look much better.’