Canada's first sovereign wealth fund
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Re: Canada's first sovereign wealth fund
#2laudable goal. I suspect it will end up like most other Canadian procurement projects.
also why all the love for Canadian Pacific rail?
Re: Canada's first sovereign wealth fund
#3laudable goal. I suspect it will end up like most other Canadian procurement projects. also why all the love for Canadian Pacific rail?
Why is HN so pessimistic?
Re: Canada's first sovereign wealth fund
#4Doesn't that has the problem of over exposing canadians to canada economics from an enormous an investment perspective?
I guess it benefits my kids though
Re: Canada's first sovereign wealth fund
#5If this is run anything like the CPP, it will underperform both the market and their own benchmarks yet lead to executives awarding themselves huge bonuses.
Re: Canada's first sovereign wealth fund
#6Doesn't that has the problem of over exposing canadians to canada economics from an enormous an investment perspective? I guess it benefits my kids though
I think the thesis is it's not solely about returns. Get a 7% return investing a dollar domestically, plus add a taxable dollar to economy (and some recurring benefit to tax base) beats getting a 9% one-time return investing internationally.
Re: Canada's first sovereign wealth fund
#7https://en.wikipedia.org/wiki/British_Columbia_Resources_Inv...
Hopefully turns out better than BCRIC.
Re: Canada's first sovereign wealth fund
#8Usually a sovereign wealth fund is funded by excess profits, like Norway for example. In this case, it's being seeded by $25 billion dollars of debt. Can anyone more financially gifted explain how this is any different from, well, regular government spending and money printing?
Re: Canada's first sovereign wealth fund
#9If this is run anything like the CPP, it will underperform both the market and their own benchmarks yet lead to executives awarding themselves huge bonuses.
That seems fine as long as they can show lower volatility than market while still being close in return?
Did they?
Re: Canada's first sovereign wealth fund
#10If I understand democracies, the private sector get easy access to credit via the creation of debt. You win you win. You win we lose. but also get money invested on behalf of the tax payer.
The market economy is brilliant.