It’s interesting but should also raise a lot of valid questions that I hope will ultimately be asked by the media and the tech community.
Perhaps I’m biased but maybe I question having only one tech investor on the board. Haywood is pretty firmly in the mining and resources category in terms of background so I assume that resource development will be part of the mandate. Ingrid seems to have a background in renewable energy and climate which I think is great. Overall, nothing too surprising for BC here. Sounds like it will have a broad mandate. Nothing published on that yet though.
I do question the heavy amount of government/political appointments to the board. Two ministers, a former minister and a policy wonk seems a bit excessive for what is supposed to be an investment fund. I’m not sure I see what they are bringing to the table here. Also not sure how this compares to the other funds listed but a quick check of people affiliated with the Danish fund only turned up one political appointment.
Fund size seems small comparatively. The Irish fund is 12.6B(CAD), Danish is 6.8(CAD) and the SNIB was launched Nov 2020 with 3.4B (CAD). One could argue those are national funds but populations and GDPs are comparable with BC.
Overall I do like the idea of sovereign funds. I don’t expect this to be making a lot of risky bets, but doubling down on winners could be a good strategy.