15.08.2011 - New approach needed to T&Tís wealth fund
Trinidad and Tobagoís sovereign wealth fund, more formally known as the Heritage and Stabilisation Fund (HSF), shot into the news this week following the disclosure by the Governor of the Central Bank, Ewart Williams, that the HSF would be impacted by the volatility in the United States equity markets. The most recent quarterly report of the HSF reveals that the total market value of its portfolios as at March 31 was US$3.759 billion. Of that amount, the fixed income mandates accounted for 63.7 per cent of the total investments, while the equity mandates made up the balance of the 36.3 per cent..............................................Full Article: Source
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