Calgary Herald on MSN21mOpinion
Opinion: AIMCo’s political makeover centralizes premier's power over pensions
AIMCo’s big clients (public sector pension funds) have long been critical of investment underperformance and high costs. In ...
Fired AIMCo chair disputes Alberta’s narrative on costs in letter to Horner
The former interim chair of Alberta Investment Management Corp. has written a letter to the Alberta cabinet minister who ...
Alberta owes its public pensioners real answers for sacking AIMCo board and CEO
Given that the future of $169-billion of Albertans’ pension and endowment savings are at stake, the province’s attack on ...
Pensions&Investments4d
'Unprecedented,' 'earth-shaking' moves at Alberta's AIMCo pension fund manager come under fire
In the interim, Nate Horner, Alberta’s president of treasury board and minister of finance, was appointed the sole director ...
Institutional Investor3d
Justification for Alberta’s Ousting of AIMCo’s Board and CEO Called Into Question
Government cites rising costs and poor returns for the leadership purge, but Keith Ambachtsheer disputes this.
Alberta government fires AIMCo board, four top executives, in 'reset' for pension fund manager
The province says the move comes "after years of AIMCo consistently failing to meet its mandated benchmark returns." For now, ...
Calgary Herald7d
AIMCo upheaval resurrects questions over future of proposed Alberta pension plan
The Alberta government on Thursday dismissed the $169-billion public pension fund’s 11-person board, its CEO and three ...
The Canadian Press on MSN4d
Deputy minister appointed interim CEO of AIMCo after Alberta government fires board
Longtime Alberta bureaucrat Ray Gilmour has been appointed interim leader of the Alberta Investment Management Corporation, ...
Financial Post8d
AIMCo expansion, Alberta's investment focus were sources of tension before purge, sources say
The decision by Alberta Investment Management Corp. (AIMCo) to launch operations abroad as it chased higher returns and the extent to which the investment manager should invest in Alberta were sources ...
Alberta government fires AIMCo board citing rising costs, poor performance
Finance Minister Nate Horner said the reason is poor performance, with rising staffing and management fees coupled with a consistent failure to meet mandated benchmark returns.
Pensions&Investments7d
Alberta government terminates AIMCo board over underperformance, rising costs
The provincial government of Alberta, Canada, has terminated the entire board of the C$168.9 billion ($124.5 billion) Alberta ...