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 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 Finance Minister Nate Horner will temporarily become the fund manager’s chairman and sole director as the government of the Canadian province overhauls the firm.
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 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.
Calgary Herald on MSN7h
Alberta government dismisses entire AIMCo board, citing underperformance
The Alberta government on Thursday rescinded all board appointments at the Alberta Investment Management Corporation (AIMCo), ...
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) ...
The Sunday Business Post6d
Canadian investment manager Timbercreek announces €124m Irish commercial and residential loan fund
The fund is backed by a global investor base including the Ireland Strategic Investment Fund (ISIF), the Alberta Investment Management Corporation (AIMCo), and other global institutional ...
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 News3h
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 ...
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 ...
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 ...