Alberta Heritage Savings Trust Fund

The Alberta Heritage Savings Trust Fund (AHSTF) is a sub-sovereign wealth fund established in 1976 by the Government of Alberta under Premier Peter Lougheed. The Heritage Savings Trust Fund was created with three objectives: "to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans." The operations of the Heritage Savings Trust Fund are subject to the Alberta Heritage Savings Trust Fund Act and with the goal of providing "prudent stewardship of the savings from Alberta's non-renewable resources by providing the greatest financial returns on those savings for current and future generations of Albertans." Between 1976 and 1983 the Government of Alberta deposited a portion of oil revenue into the fund.

Source: Wikipedia — Alberta Heritage Savings Trust Fund (CC BY-SA 4.0)