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 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 Pension Manager’s Entire 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.
'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 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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.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
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
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 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 ...
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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 ...
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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 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.