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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Trends

How Alberta turned its Heritage Fund into a cash machine for big-spending politicians

Posted on 26 June 2014

Alberta’s Heritage Savings Trust Fund stands as an excellent example of how governments waste opportunity, fritter away money and undermine the long-term interests of taxpayers, even as they claim to be working in the public interest.
On Tuesday the Fund revealed it earned $2.1 billion last year, a record 16% return on investment, and now has $17.5 billion in the kitty. This was treated as a triumph by provincial leaders………………………………………..Full Article: Source


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