From Alberta.ca: As detailed in the Alberta Heritage Savings Trust Fund 2008-09 Annual Report, the Heritage Fund’s fair value was $14.0 billion at March 31, 2009, a decrease of $3 billion from the previous year.
A sharp decline in world equity markets and a global economic and credit crisis were the primary reasons for the 18.1 per cent decline in value of the fund’s net assets……..Full Article: Source