Alberta to Redirect $3 Billion of Heritage Fund Over 10 Years

The Alberta government unveiled the Savings Management Act which calls for the establishment of a Future Fund and creation of two new endowments for agriculture and poverty aid as well as a sizable contribution to the existing Alberta Heritage Scholarship Fund. The bill calls for C$ 3.4 billion (US$ 3.06 billion) in funding over the next 10 years to be sourced from existing assets of the Alberta Heritage Savings Trust Fund.

The Alberta Future Fund will initially be capitalized by C$ 200 million later this year and will receive C$ 200 million each year for the following nine years, totaling C$ 2 billion in contributions.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute


 
institutional investor investment mandates