Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance

Falling stocks slice $1B from Alberta’s heritage savings fund

Posted on 15 October 2008

From Canadian Press: Falling stock prices have sliced roughly $1 billion from the value of Alberta’s rainy-day savings account, the Heritage Savings Trust Fund.

Finance Minister Iris Evans told the legislature Tuesday that the value of the Heritage Fund has been reduced to $16 billion since June, a drop of roughly six per cent. But she’s downplaying the loss. “That’s a paper loss, it does not translate into an immediate loss,” Evans said in an interview after commenting publicly on the Heritage Fund losses for the first time….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031