AIMCo, Alberta

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), saying its ballooning costs demand intervention. In a statement Thursday afternoon, the province announced it will "reset" the focus of the ...
Alberta fires entire AIMCo board, relieves CEO of duties, due to 'significant' cost increases
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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.
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 Management Corp., we see once again that the United Conservative Party Government is determined to control everything,
Alberta government fires AIMCo board, citing rising costs and poor performance
EDMONTON – 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
'A major reset': Alberta government dismisses AIMCo board and CEO, citing underperformance
AIMCo has seen significant increases in operating costs and fees alongside returns on investment that have not corresponded with the cost increases, the province added.
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 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.
Newsroom Ready: Alberta fires AIMCo Board, citing poor performance
Alberta Finance Minister Nate Horner says the board of directors of the Crown corporation that manages pensions and other funds for the province has been sacked due to poor performance. (Nov. 07, 2024
Finance Minister Horner fires AIMCo. board
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.
Alberta Fires Pension Manager’s Entire Board Over Costs, Returns
Alberta Investment Management Corp.’s entire board was sacked by the provincial government, which says the money manager has increased compensation and staffing but hasn’t produced acceptable returns.
Alberta fires entire AIMCo board due to 'significant' cost increases
Petursson Philip Petursson, chief investment strategist at IG Wealth Management, talks with Financial Post's Larysa Harapyn about how to position your portfolio as rates come down. The Alberta government has jettisoned the entire board of Alberta Investment Management Corp.
Edmonton Journal1d
'Major reset': Province sacks AIMCo board, finance minister takes over
The Alberta government has sacked all 10 board members of the Alberta Investment Management Corporation (AIMCo) as well ...
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.