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Sovereign Wealth Funds Briefing - Categorized | Performance

Heritage Fund value slips in first quarter

Posted on 26 August 2010

From Calgaryherald.com: The value of Alberta’s rainy day fund slipped $282 million to $14.1 billion in the fiscal first quarter ended June 30, the provincial government said in its quarterly budget update.
According to documents supplied by the Finance and Enterprise department, the fund recorded a net loss of $164 million plus a $118-million decline in unrealized portfolio gains - defined as profits that would be made if the fund’s assets were sold at current market prices……………………………………….Full Article: Source


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