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).In an statement Thursday afternoon, the province said it has decided to "reset" the focus of the provincial corporation,
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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.
Alberta government fires AIMCo board, citing rising costs and poor performance
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 for the province and handles more than $160 billion in assets.
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 dismisses entire AIMCo board, citing underperformance
The Alberta government on Thursday rescinded all board appointments at the Alberta Investment Management Corporation (AIMCo), including the board chair.
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
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.
Edmonton Journal4h
'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 ...
Campaign Brief4h
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Alberta government fires AIMCo board, citing poor performance
Alberta’s government has fired the entire board of Alberta Investment Management Corp. (AIMCo), promising “to restore confidence” in the underperforming provincial pension fund manager. The province ...
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.
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