Quote:
Originally Posted by Slava
That's not true, though. They want to participate in deals with other sovereign wealth funds and that's the angle. This is another push toward independence. So, while the idea of duplication and all that is stupid, it doesn't mean that the investments will be into pet projects or things like that. A lot of the sovereign funds in the Middle East have been prudent (my opinion here) in diversifying that wealth because they recognize that the writing is on the wall and they need to find income for the future that is not just fossil fuels. Many of these mandates are much greener and sustainable.
On the sovereignty front, if this comes to fruition and Alberta has a fund with, say, $250bn sitting there, it will be very interesting to see how that is viewed in Canada.
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I don't know why AIMCO can't do this and we need a separate organization to invest in these projects, but either way, there's a lot of 'If's doing some heavy lifting here IMO.
Do you really think the UCP are not going to interfere in investment strategies (See: AIMCO can't get high enough returns and has woke DEI roles so we're going to fire the whole board and replace them with Stephen Harper - no wait, now we're going to set up a separate 'Opportunities Fund' because AIMCO can't provide the high growth we demand?)
And if that's the case they're going to let them invest in green energy projects to diversify our risk? Sounds pretty woke and leftist to me - don't think Smith'll be happy about that. She gets upset about solar panels and windmills in Alberta and now we're going to invest in those worldwide?
And if that's the case, we're successfully going to achieve outsized returns without the risk?
And if that's the case, we'll have enough funding that we are part of these conversations with sovereign wealth funds?
And if that's the case, that we're going to sit back and watch these returns pile up to $250bn without touching them? Nevermind the rest of Canada, if it were to grow to that point we'll get itchy fingers in Alberta for the money.