The Alberta government is seeding a new investment vehicle with $2 billion as part of a plan to boost the province’s resource investment fund tenfold to at least $250 billion by 2050. The money to be ...

“We’ll be releasing our plan to grow the Heritage Savings Trust Fund to $250 billion by the end of the year, with a focus solely on getting the best returns for Albertans,” Justin Brattinga, senior ...

The Ontario Teachers’ Pension Plan, which manages about C$256 billion in assets, on par with Alberta’s goal for the Heritage Fund, averaged 7.2% in the five years through 2023.

Alberta’s Heritage Savings Trust Fund is forecast to sit around $20-billion by early 2023, in part because of an injection of cash announced by the UCP government this week.

The Ontario Teachers’ Pension Plan, which manages about C$256 billion in assets, on par with Alberta’s goal for the Heritage Fund, averaged 7.2 pecent in the five years through 2023.

Alberta is seeking ways to improve the return rates of its wealth fund and boost its size considerably, from about C$24.3 billion now to some C$250 billion, or $173 billion, Bloomberg has reported.

Danielle Smith’s government recently shared its plan to build up Alberta’s Heritage Fund to $250-billion by 2050, to purportedly wean Alberta off the resource revenue roller coaster.

Alberta Premier Danielle Smith speaks to media at Lougheed House in Calgary about growing the Heritage Fund and possible U.S. tariffs on Wednesday, January 29, 2025.

In combination with global market losses in February and March, Alberta's Heritage Savings Trust Fund was valued at $16.3 billion on March 31, its lowest point since 2011-12, according to the fund ...

The shakeup at AIMCo comes as Alberta Premier Danielle Smith prepares to unveil her government’s plan to boost the size of the AIMCo-managed Heritage Savings Trust Fund, which, according to its ...