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Canadian sovereign-wealth funds: The year of the ant

Posted on 27 January 2014

Twenty years before Norway began stashing away oil and gas revenue for future generations, the Canadian province of Alberta set up a sovereign-wealth fund (SWF), as such state-owned hoards are known. Sadly, the Heritage Savings Trust Fund has not lived up to expectations.
Although it has been around since 1976, it contains only C$16.8 billion ($15.3 billion). Norway’s stripling SWF, in contrast, has already accumulated a national nest-egg of $800 billion. Other Canadian provinces are now setting up SWFs—and trying to learn from Alberta’s mistakes………………………………………..Full Article: Source


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