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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Alberta on track for record deficit

Posted on 27 August 2010

From Torontosun.com: Meanwhile, a $282-million hit to the Alberta Heritage Savings Trust Fund is being blamed on a decline in world equity markets. The Fund — the government’s long-term savings account — lost $282 million, lowering its value to about $14.1 billion.
The fund is still expected to earn $684 million this year before expenses. That’s a decrease from the original $1.05-billion forecast……………………………………….Full Article: Source


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