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Sovereign Wealth Funds Briefing - Categorized | Performance

Big loss to Alberta’s savings

Posted on 16 June 2009

From Inews880.com: Finance Minister Iris Evans hinted the Heritage Savings Trust Fund would feel the same investment pain as all others but now we know a number.

Evans confirms to the Edmonton Journal, the fund lost $3 billion dollars; it’s biggest drop in history. She blames most of the loss on hard hit equity markets and promises changes to minimize economic turmoil in future…….Full Article: Source


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