By Russ Wiles | The Republic
The state land trust got a break by making some required stock sales before turmoil hit the markets
The trust must sell stocks periodically to meet required payments that benefit Arizona schools
The $5 billion fund holds about 60 percent of its assets in stocks and the rest in bonds
An earlier decision to start raising cash on a gradual basis helped the Arizona Treasurer’s Office sidestep some of the financial-market carnage sparked by the British decision to leave the European Union.
