Alberta government fires AIMCo board, four top executives, in …
6 days ago · Alberta public pension manager AIMCo says $2.1B lost on volatility-based strategy AIMCo manages nearly $170 billion in assets, according to its 2024 mid-year investment performance report.
'Unprecedented,' ‘earth-shaking' board upheaval at Alberta …
2 days ago · Court Ellingson, Alberta’s shadow minister for finance and a member of the opposition Alberta New Democratic Party, criticized the government’s actions at AIMCo, calling it a “drastic, earth ...
Why was AIMCo's CEO and board fired? What happens now?
2 days ago · Nov 11, 2024. A sharp rise in costs at Alberta’s $169 billion AUM public investment manager was a catalyst for drastic action by the provincial government late last week. The entire board of Alberta Investment Management Corporation (AIMCo) was dismissed with finance minster Nate Horner taking the chair role on a board for which he, for now ...
Q&A: Readers questions answered about Alberta government's shock AIMCo ...
The Alberta government surprised everyone last week by firing the CEO and entire board of directors of AIMCo last week, declaring the need for a “reset” at the $160-billion asset manager.
After changes at AIMCo, United Conservatives now own successes …
4 days ago · Unmentioned in that news release is that, thanks in part to the shift of teachers' pension funds to AIMCo's portfolio, the agency's total managed assets rose over that stretch to $166 billion from ...
Alberta government fires AIMCo board citing rising costs, poor ...
6 days ago · 1:44 Alberta government fires AIMCo board, finance minister taking over Alberta’s finance minister has sacked the chief executive officer and entire board of directors of Alberta Investment ...
Alberta names senior bureaucrat to lead AIMCo after ousting …
5 days ago · AIMCo’s mandate is to manage money on behalf of 17 pension, endowment, insurance and government clients in Alberta, including the province’s $23.4-billion Heritage Savings Trust Fund ...
Alberta fires entire AIMCo board due to cost increases | Financial …
6 days ago · The news release said Alberta’s government plans to appoint a new board chair within 30 days. In the interim, Horner has been appointed the sole director and chair for AIMCo. All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.
AIMCo board fired by Alberta government | CTV News
6 days ago · AIMCo, which was established in 2008, has weathered controversy in recent years. In the spring of 2020, it took a $4-billion loss on the $110 billion it managed.
Alberta Fires Pension Manager Aimco’s Entire Board Over Costs, …
6 days ago · Alberta Fires Pension Manager’s Board, CEO Over Rising Costs. Staff costs have grown 71% over several years, government says. The fund’s 6.9% aggregate return lagged benchmark last year. By ...
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