Alberta Heritage Savings Trust Fund sees negative 4.1 per cent returns in first quarter ableg abpoli
. After deducting some $1.2 billion earmarked for the province’s general revenue fund, its assets were estimated at about $17.9 billion.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The challenges faced by the Heritage Fund, the province’s long-term piggy bank, aren’t unique and the report noted that they have affected asset managers on a global scale. Alberta Investment Management Corporation CEO Evan Siddall told MLAs on the committee it’s impossible to say if the fund will recover its losses this year, as quarterly reports reflect a snapshot of the market and make estimates about how much assets are worth.Article content