'A major reset': Alberta government dismisses AIMCo board, CEO, citing underperformance
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 fires AIMCo board and CEO, NDP responds
Court Ellingson, Alberta NDP shadow minister for finance, issued a statement in response, calling the move “UCP incompetence.” “In an unprecedented move, the UCP fired the entire board and the CEO, and made their own politician—not an investment expert—the sole person in charge of over $170 billion of these Albertans’ pensions,” said Ellingson.
Alberta government fires AIMCo board to 'reset' pension management fund
AIMCo CEO Evan Siddall and three other top executives are now out, Finance Minister Nate Horner said. AIMCo expresses interest in buying a stake in expanded Trans Mountain pipeline Alberta public pension manager AIMCo says $2.1B lost on volatility-based ...
Alberta government fires AIMCo board, citing rising costs and poor performance
Alberta’s finance minister has sacked the board of directors of AIMCo, which manages pension and other funds for the province and handles more than $160 billion in assets
Alberta Fires Pension Manager’s Board Over Costs, Returns
Alberta Investment Management Corp.’s entire board was sacked by the provincial government, which said the money manager has increased compensation and staff but hasn’t produced acceptable returns.
Alberta dismisses provincial pension manager's entire board, citing low returns
Canada's main crude-producing province Alberta dismissed the Alberta Investment Management Corp's (AIMCo's) entire board on Thursday, saying the pension manager had underdelivered returns from the investments of provincial government funds it manages.
Edmonton Journal1d
'Major reset': Province sacks AIMCo board, finance minister takes over
The province made the announcement Thursday, saying it decided to “reset” AIMCo’s focus, adding that Finance Minister Nate ...
Sherwood Park News9h
Alberta enabling Halal mortgages, implementing promised electric vehicle tax
Alberta is moving to enable alternative financing measures (AFM), including Halal mortgages, and introducing a previously ...
cbc.ca on MSN3d
Smaller benefit hikes coming for hundreds of thousands of Albertans relying on provincial programs
A new bill would put default limits on annual increases to the benefit payments many lower-income and disabled Albertans rely ...
Times Colonist3d
Alberta government introduces legislation to enable halal mortgage options
Alberta Finance Minister Nate Horner delivers the 2024 budget in Edmonton, Thursday, Feb. 29, 2024. The Alberta government introduced legislation Monday that will enable provincially regulated ...
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.