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 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 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.
'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 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 Finance Minister Nate Horner
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.
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'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 News6h
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 ...
Alberta government fires AIMCo board, citing poor performance
In the meantime, Minister of Finance Nate Horner will be AIMCo’s sole director and board chair, but will not make investment decicions or receive any pay for those roles. “All board appointments ...