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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Alberta’s rainy-day savings fund earned $1 bln last year

Posted on 30 June 2011

The province will announce that Alberta’s much maligned Heritage Fund had a banner year, earning more than $1 billion last year to boost its total to $15.2 billion.
The fund, started in 1976 as a rainy-day fund, increased by 10.4 per cent, nearly double the typical rate of increase, according to a recent Alberta Finance report to the all-party Heritage Savings Trust Fund committee……………………………………….Full Article: Source


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