Alberta government fires AIMCo board, four top executives, in …
Nov 7, 2024 · 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 …
3 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 ...
After changes at AIMCo, United Conservatives now own successes …
5 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 ...
Nov 7, 2024 · Alberta’s finance minister has sacked the chief executive officer and entire board of directors of Alberta Investment Management Corp., the Crown corporation that manages pension and other funds...
AIMCo board fired by Alberta government | CTV News
Nov 7, 2024 · 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.
'A major reset': Alberta government dismisses AIMCo board and …
The Alberta government on Thursday dismissed the CEO and board at the Alberta Investment Management Corporation (AIMCo), citing displeasure with increasingly high costs and reliance on third parties.
Alberta names senior bureaucrat to lead AIMCo after ousting …
6 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 ...
Deputy minister appointed interim CEO of AIMCo after Alberta …
Nov 8, 2024 · AIMCo is also responsible for managing the Alberta Heritage Savings Trust Fund, a rainy-day pot in which Premier Danielle Smith has pledged to stash over $250 billion.
Alberta Fires Pension Manager Aimco’s Entire Board Over Costs, …
Nov 7, 2024 · 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 ...
Alberta government fires AIMCo board, citing rising costs and …
Nov 7, 2024 · EDMONTON - Alberta’s finance minister has sacked the board of directors of AIMCo, the body that manages more than $160 billion in pension, endowment and government funds for the province.
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