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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Performance

Heritage Fund needs to be reinvigorated, Lougheed says

Posted on 07 July 2009

From Theglobeandmail.com: More than 30 years after it was created, Alberta’s multibillion-dollar Heritage Savings Trust Fund has become a stagnant pool of money that has failed to achieve one of its primary goals - diversifying the province’s boom-bust economy.

Former Tory premier Peter Lougheed, whose government created the fund in 1976, is sorely disappointed and has renewed his push to breathe new life into the fund………Full Article: Source


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