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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Alberta Fund may spend $910 bln on private equity

Posted on 12 June 2009

From Bloomberg: Alberta Investment Management Corp., Canada’s fifth-biggest pension fund manager, plans to spend about C$1 billion ($910 million) in the next year on private- equity investments as stocks rebound.

“Private equity this year and next year are probably going to be the best vintage years in quite a while,” Chief Executive Officer Leo de Bever, 61, said today in an interview in Toronto. “They always are in a recession.” …….Full Article: Source


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