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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Failure to create sovereign wealth fund ‘real missed opportunity’: NDP

Posted on 08 June 2016

The Saskatchewan government’s failure to act on a three-year-old report recommending the establishment of a sovereign wealth fund is a “real missed opportunity,” according to the interim leader of the Opposition NDP.
“It’s frankly unacceptable that we’ve come through a decade-long period of record revenues without having any long-term savings,” said Trent Wotherspoon, who was appointed interim leader of the Saskatchewan NDP in April. In 2013, Premier Brad Wall commissioned former University of Saskatchewan president Peter MacKinnon to investigate sovereign wealth funds — large investment vehicles funded by profits from natural resource extraction………………………………………..Full Article: Source


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