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Vol. 8, No. 28 Week of July 13, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Alberta fund logs first loss in 27 years

Gary Park, Petroleum News Calgary correspondent

Alberta’s Heritage Savings Trust Fund, its equivalent of the Alaska Permanent Fund, took a heavy blow from stock market investments, reporting a net loss of C$894 million for fiscal 2002-03. The fund value now stands at C$11.1 billion, compared with C$12.7 billion in 1986 and a peak C$12.9 billion....


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