DOCSLIB.ORG

P:\HANADMIN\BOUND\Committees

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
P:\HANADMIN\BOUND\Committees Legislative Assembly of Alberta The 27th Legislature Third Session Standing Committee on the Alberta Heritage Savings Trust Fund Tuesday, September 28, 2010 9:01 a.m. Transcript No. 27-3-3 Legislative Assembly of Alberta The 27th Legislature Third Session Standing Committee on the Alberta Heritage Savings Trust Fund Tarchuk, Janis, Banff-Cochrane (PC), Chair Elniski, Doug, Edmonton-Calder (PC), Deputy Chair Blakeman, Laurie, Edmonton-Centre (AL) DeLong, Alana, Calgary-Bow (PC) Forsyth, Heather, Calgary-Fish Creek (WA) Groeneveld, George, Highwood (PC) Johnston, Art, Calgary-Hays (PC) MacDonald, Hugh, Edmonton-Gold Bar (AL) Pastoor, Bridget Brennan, Lethbridge-East (AL)* Quest, Dave, Strathcona (PC) * substitution for Laurie Blakeman Department of Finance and Enterprise Participants Aaron Brown Director, Portfolio Management Sandie Hay Manager, Investment Accounting and Standards Nick Kaczmarek Public Affairs Officer Rod Matheson Assistant Deputy Minister, Treasury and Risk Management Dave Pappas Senior Manager, Investment and Debt Accounting Alberta Investment Management Corporation Participants Brian Gibson Senior Vice-president, Public Equities Douglas Stratton Senior Vice-president, Fund Management Group Auditor General’s Office Participants Merwan Saher Auditor General Brad Ireland Assistant Auditor General Support Staff W.J. David McNeil Clerk Louise J. Kamuchik Clerk Assistant/Director of House Services Micheline S. Gravel Clerk of Journals/Table Research Robert H. Reynolds, QC Law Clerk/Director of Interparliamentary Relations Shannon Dean Senior Parliamentary Counsel/Clerk of Committees Corinne Dacyshyn Committee Clerk Jody Rempel Committee Clerk Karen Sawchuk Committee Clerk Rhonda Sorensen Manager of Corporate Communications and Broadcast Services Melanie Friesacher Communications Consultant Tracey Sales Communications Consultant Philip Massolin Committee Research Co-ordinator Stephanie LeBlanc Legal Research Officer Diana Staley Research Officer Rachel Stein Research Officer Liz Sim Managing Editor of Alberta Hansard Transcript produced by Alberta Hansard September 28, 2010 Heritage Savings Trust Fund HS-105 9:01 a.m. Tuesday, September 28, 2010 Mr. Groeneveld: I can do that. Title: Tuesday, September 28, 2010 HS [Ms Tarchuk in the chair] The Chair: George. Any objections? All those in favour? That motion is carried. The Chair: Well, good morning, everyone, and welcome. I’d like You should also have a copy of the minutes of June 17. I wonder to call this meeting to order. My name is Janis Tarchuk, MLA for if someone can move that we adopt those as circulated. Dave. Any Banff-Cochrane and chair of this committee. I also would like to objections? All in favour? That motion is carried. welcome Bridget as a new member, I understand. The quarterly update was distributed to all members on August 25. The Alberta Heritage Savings Trust Fund Act indicates that one of Ms Pastoor: Just a substitute. the functions of this committee is to receive and review quarterly reports on the operation and the results of the operation of the The Chair: Oh, a substitute. heritage fund. We’re pleased to have Rod Matheson with us here I understand we’ve got Heather and Alana on the phone. today. I wonder if, Rod, you could just start out by giving us a little bit of an overview. Mrs. Forsyth: Yes. Mr. Matheson: I would be very pleased to do that, Madam Chair. The Chair: Perfect. Okay. Thank you. Good morning to the members of the committee. I’m pleased to I wonder if we could go around the table and for the record provide you with a brief review of the first-quarter update for the introduce ourselves. Maybe let’s start with Alana and Heather, and heritage fund, which was released on August 25. Unfortunately, the then we’ll go over to Bridget. slowing pace of global economic recovery and the resulting decline in world equity markets led to a $282 million drop in the fair value Mrs. Forsyth: Hi. Good morning. It’s Heather Forsyth. I’m the of the heritage fund during the quarter. At June 30, 2010, the fund’s MLA for Calgary-Fish Creek. Thank you, Chair. fair value was $14.1 billion dollars, declining from $14.4 billion dollars at March 31, 2010. This $282 million drop in value included Ms DeLong: Good morning. It’s Alana DeLong, Calgary-Bow. a net loss of $164 million in the first quarter plus a $118 million decline in unrealized portfolio gains. Unrealized gains represent the Ms Pastoor: Good morning, Madam Chair. Bridget Pastoor, MLA, Lethbridge-East, substituting for Laurie Blakeman. profit that would be made if the assets involved were sold at current prices. Mr. MacDonald: Good morning, everyone. Hugh MacDonald, Overall, on a fair value basis the fund’s investments lost 2.1 per Edmonton-Gold Bar. cent in the quarter. That outperformed the market-based benchmark for the fund, which would have had a loss of 2.6 per cent. Losses Mr. Ireland: Brad Ireland, Auditor General’s office. were in the fund’s equity portfolio, with foreign equities posting a loss of 8.8 per cent and Canadian equities losing 4.8 per cent in the Mr. Saher: Good morning. Merwan Saher, Auditor General. quarter. Both of these losses were better than the benchmark losses of 8.9 per cent and 5.5 per cent respectively. Losses in the fund’s Mr. Stratton: Good morning. Doug Stratton, Alberta Investment equity portfolio were partially offset by gains in every other asset Management Corporation. class in the fund. Real estate, for example, posted a gain of 5.7 per cent this quarter, better than the benchmark of 3.5 per cent. Mr. Gibson: I’m Brian Gibson. I’m senior vice-president of The heritage fund is now expected to earn investment income equities for AIMCo. before expenses of $684 million for the fiscal year 2010-11. That will conclude my brief remarks to the committee, Madam Mr. Matheson: Good morning. Rod Matheson. I’m an assistant Chair. We’d be pleased to answer any questions that the committee deputy minister with the Finance and Enterprise department. members have. Mr. Brown: Good morning. Aaron Brown, Alberta Finance and The Chair: Questions? Alana or Heather? Enterprise. Mrs. Forsyth: I have a question, Madam Chair, if you could put me Ms Sales: Tracey Sales, communication services with the Legislative on the list. Assembly Office. The Chair: Go ahead, Heather. Mr. Pappas: Dave Pappas, Alberta Finance and Enterprise. Mrs. Forsyth: Oh, thanks. Thanks for the brief presentation. You Ms Hay: Sandie Hay, Alberta Finance and Enterprise. mentioned about the real estate gain. I think you said 5.5 per cent over this quarter. Now we’re hearing and reading in regard to real Mr. Kaczmarek: Nick Kaczmarek, Alberta Finance and Enterprise. estate dropping dramatically. I just read an article about Calgary. What are you doing about that? Mr. Quest: Dave Quest, MLA, Strathcona. Mr. Matheson: I think I’d direct that question to my colleagues Mr. Groeneveld: George Groeneveld, Highwood. from AIMCo, if they have any insights on that. The Chair: Okay. Thank you. You should all have a copy of the Mr. Gibson: Okay. Thank you, Rod. Good morning. The real agenda in front of you. I wonder if someone can move that the estate assets are long-term assets. We value them every year. The agenda for September 28 for this committee be adopted as circulated. benchmark does move up and down over time. What happened last HS-106 Heritage Savings Trust Fund September 28, 2010 year, for example, when you saw a negative result, was that the how the assets are allocated versus the specific performance of, you portfolio was fairly stable and the cash flows were pretty healthy, but know, which stocks were picked or which bonds were picked. the benchmark was up. This year we’ve had that reversal so far, The results for this quarter for the heritage fund would be different where our portfolios carried on as generating good, strong cash flows than the results for, say, one of the large public-sector pension plans from rentals: the income is up, and the benchmark lagged. I won’t or some of the other endowments. We do look at the performance go into the details, but there is always a lag between the portfolio of the heritage fund relative to some of the funds that you mentioned and the benchmark because of the way the benchmark is constructed. although we tend to not do that on a quarter-by-quarter basis. Your question is about Calgary specifically. When we look at our Quarters are pretty short periods of time to try to compare investment portfolio, we are more concerned with generating good, long-term performance like that. cash flows. We haven’t seen in our portfolio any need for any writedowns or negative adjustments since year-end. So for the The Chair: I should mention for the record that Art Johnston, MLA specific buildings we have it has not really been an issue. Having for Calgary-Hays, and Doug Elniski, deputy chair and MLA for said that, where there are weak markets, it does create opportunities Edmonton-Calder, have joined the meeting. to buy good, quality real estate at a cheaper price, and our people are Are there other questions? looking at those sorts of things. Ms DeLong: Yes. Mrs. Forsyth: Thank you, Madam Chair. The Chair: Go ahead, Alana. The Chair: Hugh. Ms DeLong: I’ve got a question specifically for AIMCo. In our Mr. MacDonald: Yes. Thank you. My question at this time would changing financial situation in the world, in terms of our overall be around the fund’s investment loss of 2.1 per cent in this quarter. goals with the heritage savings trust fund, have we given you enough When you compare AIMCo’s strategy with others – we could pick, flexibility in terms of changing the asset mix? for instance, Ontario teachers’; we could pick British Columbia; we could pick the CPP investment pool; we could look at private-sector Mr.
Load more

Recommended publications
  • Premier Stelmach Sets out Priorities; Names New Cabinet, Reorganizes Portfolios Changes to Government Structure Reflect Government Priorities
    March 12, 2008 Premier Stelmach sets out priorities; names new Cabinet, reorganizes portfolios Changes to government structure reflect government priorities Edmonton... Premier Ed Stelmach has laid out the priorities for his new administration, reorganizing portfolios and adding four new ministries. The Premier also named his new Cabinet which features new faces and new assignments for previous members, and introduces the role of parliamentary assistants who will help support ministers on key projects. "This Cabinet and new government structure will focus on building a stronger Alberta and improving the lives of Albertans,” said Premier Stelmach. “The Cabinet team balances experience and new perspectives and is well skilled for the work ahead.” The new Cabinet will be focused on five priorities: ensuring Alberta’s energy resources are developed in an environmentally sustainable way; increasing access to quality health care and improving the efficiency and effectiveness of health care service delivery; enhancing value-added activity, increasing innovation, and improving the long-run sustainability of Alberta’s economy; reducing crime so Albertans feel safe in their communities; and providing the roads, schools, hospitals and other public infrastructure to meet the needs of a growing economy and population. Changes to the government structure will help better meet these priorities. Government’s increased focus on culture is reflected in the new Ministry of Culture and Community Spirit which also has responsibility for the voluntary sector and the Human Rights Commission. The new Ministry of Housing and Urban Affairs will help fulfill government’s plan to ensure affordable housing is available to all Albertans and to address emerging urban issues.
    [Show full text]
  • Photo by Paul Boisvert, St. Paul, Alberta
    Photo by Paul Boisvert, St. Paul, Alberta ARTA AD_SELECT 8.5x11:COLL724 3/18/08 12:18 PM Page 1 ALBERTA RETIRED TEACHERS’ ASSOCIATION (ARTA) ESCORTED VACATION TRAVEL MEMBER BENEFITS ARTA members, their friends and family can enjoy great savings on escorted vacations with Collette Vacations. Collette Vacations celebrates 90 years of experience in the escorted travel industry and offers more than 140 quality tours to premier destinations on all 7 continents. Travellers can choose from cruises and land tours, educational and faith-based travel, cultural experiences, many included meals and centrally-located accommodations that reflect the flavour of each destination. And, with knowledgeable, professional tour managers and an industry-leading cancellation policy, Collette Vacations makes travelling the world simple and hassle-free. New York City Copper Canyon Peru - Ancient The Complete Land of Mysteries South Pacific ARTA $ * ARTA $ * ARTA $ * ARTA $ * Members 2,425 p.p. Members 2,229 p.p. Members 3,999 p.p. Members 8,935 p.p. Non Non Non Non $ * $ * $ * $ * Members 2,684 p.p. Members 2,493 p.p. Members 4,393 p.p. Members 9,779 p.p. 5 Days, 4 Meals 9 Days, 18 Meals 13 Days, 19 Meals 27 Days, 36 Meals Departs Sep 7, 2008 Departs Oct 1, 2008 Departs Nov 12, 2008 Departs Feb 22, 2009 *All above tour rates are air inclusive from Edmonton, per person based on double occupancy. Includes hotel transfers, tax and fuel surcharge. Please quote promotion code: C153-AX1-918 15 Itineraries Worldwide Value-Priced Learning Vacations For departures effective May 2008, Collette is launching its Exclusively available through Collette Vacations, “Explorations by Collette” tour division.
    [Show full text]
  • Legislative Assembly of Alberta the 27Th Legislature Third Session
    Legislative Assembly of Alberta The 27th Legislature Third Session Standing Committee on the Alberta Heritage Savings Trust Fund Wednesday, December 15, 2010 11 a.m. Transcript No. 27-3-5 Legislative Assembly of Alberta The 27th Legislature Third Session Standing Committee on the Alberta Heritage Savings Trust Fund Tarchuk, Janis, Banff-Cochrane (PC), Chair Elniski, Doug, Edmonton-Calder (PC), Deputy Chair Blakeman, Laurie, Edmonton-Centre (AL) DeLong, Alana, Calgary-Bow (PC) Forsyth, Heather, Calgary-Fish Creek (WA) Groeneveld, George, Highwood (PC) Johnston, Art, Calgary-Hays (PC) MacDonald, Hugh, Edmonton-Gold Bar (AL) Quest, Dave, Strathcona (PC) Department of Finance and Enterprise Participants Aaron Brown Director, Portfolio Management Nick Kaczmarek Public Affairs Officer Rod Matheson Assistant Deputy Minister, Treasury and Risk Management Alberta Investment Management Corporation Participants Leo de Bever Chief Executive Officer and Chief Investment Officer Pine Pienaar Senior Vice-president, Client Relations Auditor General’s Office Participants Merwan Saher Auditor General Brad Ireland Assistant Auditor General Betty LaFave Principal Support Staff W.J. David McNeil Clerk Louise J. Kamuchik Clerk Assistant/Director of House Services Micheline S. Gravel Clerk of Journals/Table Research Robert H. Reynolds, QC Law Clerk/Director of Interparliamentary Relations Shannon Dean Senior Parliamentary Counsel/Clerk of Committees Corinne Dacyshyn Committee Clerk Jody Rempel Committee Clerk Karen Sawchuk Committee Clerk Rhonda Sorensen Manager of Corporate Communications and Broadcast Services Melanie Friesacher Communications Consultant Tracey Sales Communications Consultant Philip Massolin Committee Research Co-ordinator Stephanie LeBlanc Legal Research Officer Diana Staley Research Officer Rachel Stein Research Officer Liz Sim Managing Editor of Alberta Hansard Transcript produced by Alberta Hansard December 15, 2010 Heritage Savings Trust Fund HS-117 11 a.m.
    [Show full text]
  • Provincial Legislatures
    PROVINCIAL LEGISLATURES ◆ PROVINCIAL & TERRITORIAL LEGISLATORS ◆ PROVINCIAL & TERRITORIAL MINISTRIES ◆ COMPLETE CONTACT NUMBERS & ADDRESSES Completely updated with latest cabinet changes! 86 / PROVINCIAL RIDINGS PROVINCIAL RIDINGS British Columbia Surrey-Green Timbers ............................Sue Hammell ......................................96 Surrey-Newton........................................Harry Bains.........................................94 Total number of seats ................79 Surrey-Panorama Ridge..........................Jagrup Brar..........................................95 Liberal..........................................46 Surrey-Tynehead.....................................Dave S. Hayer.....................................96 New Democratic Party ...............33 Surrey-Whalley.......................................Bruce Ralston......................................98 Abbotsford-Clayburn..............................John van Dongen ................................99 Surrey-White Rock .................................Gordon Hogg ......................................96 Abbotsford-Mount Lehman....................Michael de Jong..................................96 Vancouver-Burrard.................................Lorne Mayencourt ..............................98 Alberni-Qualicum...................................Scott Fraser .........................................96 Vancouver-Fairview ...............................Gregor Robertson................................98 Bulkley Valley-Stikine ...........................Dennis
    [Show full text]
  • Lac La Biche County
    LAC LA BICHE COUNTY PO Box 1679 Lac La Biche, AB TOA 2C0 Phone: (780) 623-1747 Fax: (780) 623-2039 (County Centre) Phone: (780) 623 4323 Fax: (780) 623 3510 (McArthur Place) emaii: main.offce@,laclabichecounty.com August 30,2007 Honourable Ed Stelmach, Premier of Alberta Room 307 Legislature Building 10800 97 Avenue Edmonton, AB TSK 2B6 Dear Premier Stelmach: This letter is to advise you that effective August 1, 2007, the Town of Lac La Biche and Lakeland County have been dissolved and a new municipal district has formed in the name of "Lac La Biche County". At the August 29,2007 Regular Council Meeting, the Interim Lac La Biche County Council passed a resolution to appoint Mr. Peter Kirylchuk as the Interim Mayor and Mr. Tom Lett as the Interim Deputy Mayor of the newly formed Lac La Biche County. We look forward to the opportunity that amalgamation presents us with to move forward, improve and to enhance this community. We would like to thank the province and Honourable Minister Danyluk for all the support and assistance provided to us in helping to bring this matter to realization. Should you have any questions or concerns please contact me at (780)623-1747. Sincerely, Lac La ~icheCounty cc: Members of Lac La Biche County Council Honourable Ray Danyluk, Minister of Municipal Affairs & Housing Honourable Doug Homer, Minister of Advanced Education & Technology Honourable George Groeneveld, Minister of Agriculture & Food Honourable Janis Tarchuk, Minister of Children's Services Honourable Ron Liepert, Minister of Education Honourable
    [Show full text]
  • Ministerial Forum Toolkit
    October 9, 2009 Ministerial Forum Toolkit The AAMDC has introduced a new toolkit for members to use at the Fall 2009 Convention. Our Ministerial Forum Toolkit includes minister information, portfolios and current issues for each provincial ministry. We believe members will find this toolkit useful when formulating questions to pose at the ministerial forum or to understand which departments have a hand in matters of significance to rural municipalities. The Ministerial Forum Toolkit is attached to this bulletin in PDF form. It is also available online here. Enquiries may be directed to: Candice Van Beers Kim Heyman Administrative & Convention Coordinator Director of Advocacy & Communications (780) 955.4095 (780) 955.4079 Attachment ministerial forum toolkit Aboriginal Affairs Portfolio Current Issues Hon. Gene Zwozdesky • Aboriginal Relations • Duty to consult • Métis Settlements Appeals Tribunal • Traditional-use Studies • Métis Settlements Ombudsman • First Nations Development Fund Advanced Education Portfolio Current Issues Hon. Doug Horner • Apprenticeship and Industry Training • Veterinary program at University • Adult Learning of Calgary • Technology • Mount Royal College in Calgary to become Mount Royal University Agriculture & Rural Portfolio Current Issues Development Hon. George Groeneveld • Encourages industry growth • Rural Connectivity Gap Analysis • Rural and environmental sustainability: • Land-use Framework soil conservation, water quality, range • Agriculture Equipment Policy management, climate change, • Roadside Forage
    [Show full text]
  • Votes and Proceedings
    Legislative Assembly Province of Alberta No. 2 VOTES AND PROCEEDINGS First Session Twenty-Fourth Legislature Tuesday, April 15, 1997 The Speaker took the Chair at 3:00. His Honour the Honourable the Lieutenant Governor entered the Assembly and took his seat on the Throne. Speaker's Address to the Lieutenant Governor Then the Speaker said: May it please Your Honour, the Legislative Assembly have elected me as their Speaker, though I am but little able to fulfil the important duties thus assigned to me. If in the performance of those duties I should at any time fall into error, I pray that the fault may be imputed to me and not the Assembly, whose servant I am, and who, through me, the better to enable them to discharge their duties to their Queen and Province, hereby claim all their undoubted rights and privileges, especially that they may have freedom of speech in their debates, access to your person at all seasonable times, and that their proceedings may receive from you the most favourable construction. 1 Statement by the Provincial Secretary The Provincial Secretary, Hon. Mr. Havelock, then said: I am commanded by His Honour the Honourable the Lieutenant Governor to declare to you that he freely confides in the duty and attachment of this Assembly to Her Majesty's person and Government, and, not doubting that the proceedings will be conducted with wisdom, temperance, and prudence, he grants and upon all occasions will recognize and allow the Assembly's constitutional privileges. I am commanded also to assure you that the Assembly shall have ready access to His Honour upon all suitable occasions and that all proceedings as well as your words and actions will constantly receive from him the most favourable construction.
    [Show full text]
  • Proposed Severance Packages for Alberta Mlas
    Proposed severance packages for Alberta MLAs If the Alberta government approves the recommendations of the all-party Member Services Committee, MLAs who retire or are defeated in 2005 would receive severance packages as per the following list. If the recommendations are approved, MLAs will receive three months’ pay for every year of service after March of 1989, based on the average of the three highest-paid years. Premier Ralph Klein $529,680 Opposition Leader Ken Nicol $356,112 ND Leader Raj Pannu $136,656 Speaker Ken Kowalski $474,816 Cabinet Ministers first elected in 1989 $474,816 Shirley McClellan Deputy Premier and Minister of Agriculture Pat Nelson Finance Halvar Jonson International and Intergovernmental Relations Ty Lund Infrastructure Stan Woloshyn Seniors Mike Cardinal Sustainable Resource Development Pearl Calahasen Aboriginal Affairs and Northern Development Cabinet Ministers first elected in 1993 $356,112 Gary Mar Health and Wellness Murray Smith Energy Ed Stelmach Transportation Clint Dunford Human Resources and Employment Lyle Oberg Learning Lorne Taylor Environment Gene Zwozdesky Community Development Victor Doerksen Innovation and Science Heather Forsyth Solicitor General Cabinet Ministers first elected in 1997 $237,408 Iris Evans Children’s Services David Hancock Justice and Attorney General Ron Stevens Gaming Greg Melchin Revenue Guy Boutilier Municipal Affairs David Coutts Government Services Cabinet Ministers first elected in 2001 $118,704 Mark Norris Economic Development Total severance pay for all 24 cabinet members:
    [Show full text]
  • Métis Settlements and First Nations in Alberta: Community Profiles
    Métis settleMents and First nations in alberta: CoMMunity ProFiles October 2010 Update For additional copies of the Community Profiles, please contact: Aboriginal Relations Communications Branch 19th Floor, Commerce Place 10155-102 Street Edmonton, Alberta T5J 4G8 Phone: 780-422-2462 Fax: 780-415-9548 Website: www.aboriginal.alberta.ca To call toll-free from anywhere in Alberta, dial 310-0000. This publication is also available online as a PDF document at www.aboriginal.alberta.ca. The Resources section of the website also provides links to other Ministry publications. ISBN 978-0-7785-9135-1 PRINT ISBN 978-0-7785-9136-8 WEB INTRODUCTORY NOTE The Métis Settlements and First Nations in Alberta: Community Profiles provide a general overview of the eight Métis Settlements and 47 First Nations in Alberta. Included is information on population, land base, location and community contacts as well as Quick Facts on Métis Settlements and First Nations. The Community Profiles are compiled and published by the Ministry of Aboriginal Relations to support an enhanced awareness of Aboriginal communities in Alberta and to strengthen relationships with Aboriginal people and their communities. Readers who are interested in learning more about a specific community are encouraged to contact the community directly for more detailed information. Many communities have websites that provide interesting historical information and other background. These website addresses are included in the profiles. PLEASE NOTE The information contained in the Profiles is accurate at the time of publishing. The print version of the Community Profiles will be updated annually. The PDF (online) version of the Community Profiles will be updated more frequently on an as-needed basis.
    [Show full text]
  • Legislative Assembly of Alberta the 27Th Legislature Fourth Session
    Legislative Assembly of Alberta The 27th Legislature Fourth Session Standing Committee on the Alberta Heritage Savings Trust Fund Monday, September 19, 2011 2 p.m. Transcript No. 27-4-3 Legislative Assembly of Alberta The 27th Legislature Fourth Session Standing Committee on the Alberta Heritage Savings Trust Fund Tarchuk, Janis, Banff-Cochrane (PC), Chair Elniski, Doug, Edmonton-Calder (PC), Deputy Chair Boutilier, Guy C., Fort McMurray-Wood Buffalo (W) * DeLong, Alana, Calgary-Bow (PC) Forsyth, Heather, Calgary-Fish Creek (W) Groeneveld, George, Highwood (PC) Johnston, Art, Calgary-Hays (PC) MacDonald, Hugh, Edmonton-Gold Bar (AL) Quest, Dave, Strathcona (PC) Taft, Dr. Kevin, Edmonton-Riverview (AL) * substitution for Heather Forsyth Department of Finance and Enterprise Participants Aaron Brown Director, Portfolio Management, Capital Markets Kari-ann Kuperis Acting Assistant Director, Communications Rod Matheson Assistant Deputy Minister, Treasury and Risk Management Alberta Investment Management Corporation Participants Leo de Bever Chief Executive Officer and Chief Investment Officer Don Olsen Vice-president, Client Relations Auditor General’s Office Participants Merwan Saher Auditor General Brad Ireland Assistant Auditor General Support Staff W.J. David McNeil Clerk Shannon Dean Senior Parliamentary Counsel/ Director of House Services Robert H. Reynolds, QC Law Clerk/Director of Interparliamentary Relations Corinne Dacyshyn Committee Clerk Jody Rempel Committee Clerk Karen Sawchuk Committee Clerk Rhonda Sorensen Manager of Corporate Communications and Broadcast Services Melanie Friesacher Communications Consultant Tracey Sales Communications Consultant Philip Massolin Committee Research Co-ordinator Stephanie LeBlanc Legal Research Officer Rachel Stein Research Officer Liz Sim Managing Editor of Alberta Hansard Transcript produced by Alberta Hansard September 19, 2011 Heritage Savings Trust Fund HS-143 2 p.m.
    [Show full text]
  • P:\HANADMIN\BOUND\Committees
    Legislative Assembly of Alberta The 27th Legislature Third Session Standing Committee on the Alberta Heritage Savings Trust Fund Tuesday, March 16, 2010 9 a.m. Transcript No. 27-3-1 Legislative Assembly of Alberta The 27th Legislature Third Session Standing Committee on the Alberta Heritage Savings Trust Fund Tarchuk, Janis, Banff-Cochrane (PC), Chair Elniski, Doug, Edmonton-Calder (PC), Deputy Chair Blakeman, Laurie, Edmonton-Centre (AL) DeLong, Alana, Calgary-Bow (PC) Forsyth, Heather, Calgary-Fish Creek (WA) Groeneveld, George, Highwood (PC) Johnston, Art, Calgary-Hays (PC) MacDonald, Hugh, Edmonton-Gold Bar (AL) Quest, Dave, Strathcona (PC) Department of Finance and Enterprise Participants Aaron Brown Director, Portfolio Management Sandie Hay Manager, Investment Accounting and Standards Nick Kaczmarek Public Affairs Officer Rod Matheson Assistant Deputy Minister, Treasury and Risk Management Dave Pappas Director, Investment and Debt Accounting Tim Wiles Deputy Minister Alberta Investment Management Corporation Participants Leo de Bever Chief Investment Officer Douglas Stratton Senior Vice-president, Fund Management Group Support Staff W.J. David McNeil Clerk Louise J. Kamuchik Clerk Assistant/Director of House Services Micheline S. Gravel Clerk of Journals/Table Research Robert H. Reynolds, QC Senior Parliamentary Counsel Shannon Dean Senior Parliamentary Counsel Corinne Dacyshyn Committee Clerk Jody Rempel Committee Clerk Karen Sawchuk Committee Clerk Rhonda Sorensen Manager of Communications Services Melanie Friesacher Communications Consultant Tracey Sales Communications Consultant Philip Massolin Committee Research Co-ordinator Stephanie LeBlanc Legal Research Officer Diana Staley Research Officer Rachel Stein Research Officer Liz Sim Managing Editor of Alberta Hansard Transcript produced by Alberta Hansard March 16, 2010 Heritage Savings Trust Fund HS-89 9 a.m.
    [Show full text]
  • Legislative Assembly of Alberta the 27Th Legislature Fourth Session
    Legislative Assembly of Alberta The 27th Legislature Fourth Session Standing Committee on the Alberta Heritage Savings Trust Fund Annual Public Meeting, Edmonton Thursday, October 20, 2011 7 p.m. Transcript No. 27-4-4 Legislative Assembly of Alberta The 27th Legislature Fourth Session Standing Committee on the Alberta Heritage Savings Trust Fund Tarchuk, Janis, Banff-Cochrane (PC), Chair Elniski, Doug, Edmonton-Calder (PC), Deputy Chair DeLong, Alana, Calgary-Bow (PC) Forsyth, Heather, Calgary-Fish Creek (W) Groeneveld, George, Highwood (PC) Johnston, Art, Calgary-Hays (PC) MacDonald, Hugh, Edmonton-Gold Bar (AL) Quest, Dave, Strathcona (PC) Taft, Dr. Kevin, Edmonton-Riverview (AL) Xiao, David H., Edmonton-McClung (PC) * * substitution for Alana DeLong Also in Attendance Allred, Ken, St. Albert (PC) Department of Finance Participant Rod Matheson Assistant Deputy Minister, Treasury and Risk Management Alberta Investment Management Corporation Participant Leo de Bever Chief Executive Officer and Chief Investment Officer Public Participants Robert (Bob) Ascah Muriel Stanley Venne David Despins Ron Trant Sarah Hawkins Jim Wood Simon LeBlanc Support Staff W.J. David McNeil Clerk Shannon Dean Senior Parliamentary Counsel/ Director of House Services Robert H. Reynolds, QC Law Clerk/Director of Interparliamentary Relations Corinne Dacyshyn Committee Clerk Jody Rempel Committee Clerk Karen Sawchuk Committee Clerk Rhonda Sorensen Manager of Corporate Communications and Broadcast Services Melanie Friesacher Communications Consultant Tracey Sales Communications Consultant Philip Massolin Committee Research Co-ordinator Stephanie LeBlanc Legal Research Officer Rachel Stein Research Officer Liz Sim Managing Editor of Alberta Hansard Transcript produced by Alberta Hansard October 20, 2011 Heritage Savings Trust Fund HS-153 7 p.m. Thursday, October 20, 2011 increasingly difficult financial situation the province was facing at Title: Thursday, October 20, 2011 hs the time.
    [Show full text]