Alberta Heritage Fund

Canada – Alberta US$ 17.5 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1976
Transparency Rating: 9
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Firm Investment Style: Mixed
Entity Structure: Fund
Pop Est.: 3.759 million – 2013 Alberta
Wealth Per Capita Est.: US$ 4,655

Fund Details

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Real Estate Managers

Alternative Managers

Consultants and SPs

Key Executives and People


Main Office

Alberta Investment Management Corporation
1100 – 10830 Jasper Avenue
Edmonton, Alberta T5J 2B3
Canada
Tel: 1-780-392-3600

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Governance

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Alberta Heritage Fund

Summary

The Alberta Heritage Savings Trust Fund was created in 1976 by the Alberta Heritage Savings Trust Fund Act. Initially, the fund received 30% of Alberta’s non-renewable resource royalties which comes from its vast oil wealth. This fund was created with several goals in mind.

Some of these goals are:

  • Investment for Future Generations
  • Strengthen and diversify the economy
  • Improve quality of life
  • A Rainy Day Fund

Background

During the early 1980s, the fund made loans to other provincial governments in Canada. Later the fund’s money was used for capital infrastructure projects. After 1987, resource royalty revenue was no longer added to the fund.

The fund was originally designed for economic development, but now primarily it is a long-term savings and investment fund.

Historical Assets Under Management

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Note: With regard to Alberta’s Heritage Fund, most of the content and data will be used from Alberta Investment Management Co. (AIMCo), as this is the government fund manager for the fund.