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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