AIMCo, Alberta government

Alberta government fires AIMCo board to 'reset' pension management fund
The provincial government has removed the entire board of the Alberta Investment Management Corporation (AIMCo).In an statement Thursday afternoon, the province said it has decided to "reset" the focus of the provincial corporation,
Alberta government fires AIMCo board
This is also the third board to be fired in its entirety by the UCP government, following Smith’s firing of the Alberta Health Services board in 2022 and the firing of the Banff Centre for Arts and Creativity board last year.
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.
Province fires board of Alberta Investment Management Corporation
The province said it has decided to "reset" the focus of the provincial corporation, and will be appointing a new board chair within 30 days. Court Ellingson with the Alberta NDP says the move shows incompetence by the government.
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 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.
Alberta to name senior bureaucrat to lead AIMCo after ousting CEO, entire board
Ray Gilmour, the province’s top deputy minister and secretary to cabinet, will take over as head of the pension fund, sources ...
Alberta Politics7h
Firing of AIMCo CEO and entire board another sign UCP is determined to control everything, everywhere, all at once
With its surprise decision to cashier the entire board and the top executive of the supposedly independent Alberta Investment ...
The Daily Chase: October jobs number comes in below expectations
Canada adds half as many jobs as expected: There’s more evidence this morning that Canada’s economy is slowing, coming in the ...
Alberta Investment Management Corporation: AIMCo and Ridgeback grow BTR Platform with the acquisition of Mitre Yard in North Kensington
Alberta Investment Management Corporation (AIMCo) and Ridgeback Group have acquired Mitre Yard, a premier Build-to-Rent (BTR) ...
Canoe Financial LP Announces Portfolio Management Changes
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Canoe Financial LP (“Canoe Financial”) announced today that PineStone Asset Management Inc. (“PineStone”) will replace Fiera Capital Corporation ...
CTV News13h
Wild horse advocates worry about Alberta's plans to thin herds
Alberta's wild horses are once again being targeted by the province and once again, it's spurring concern. "What is the problem? Why are the horses such a burr under their saddle?" said Darrell ...