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Sovereign Wealth Funds Briefing - Categorized | Performance

Heritage fund grows by US$76mln

Posted on 01 February 2010

From Guardian.co.tt: The net asset value of the Heritage and Stabilisation Fund (HSF) grew from US$2,888 million to approximately US$2,964 in 2009 solely due to interest payments, says Samuel Martin, Chairman of the Fund. “Given the difficulty experienced in the global economy, oil prices slumped as aggregate demand for the commodity waned.”
He said as a result, for the period that there were no deposits to the Fund. He was also pleased to report that there were no withdrawals requested by the Government even though the requirements for withdrawal were met, with a larger than expected drop in tax revenues………………………………….Full Article: Source

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