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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Alberta Heritage Savings Trust Fund to take big hit: Snelgrove

Posted on 30 September 2011

The nest egg of the province — the Alberta Heritage Savings Trust Fund — has been hit by economic turbulence in world markets and will show a loss in value in the government’s next fiscal update, says Finance Minister Lloyd Snelgrove.
“I do know that there will be losses or writedowns in the Heritage Savings Trust Fund,” said Snelgrove, speaking at the Alberta Urban Municipalities Association conference in Calgary on Thursday……………………………………….Full Article: Source

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