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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What restricts AIMco from doing these types of deals? What is a sovereign wealth fund style investment vs a regular Pension Fund investment?