AIMCo, Alberta

Alberta government fires AIMCo board to 'reset' pension management fund
The province says the move comes 'after years of AIMCo consistently failing to meet its mandated benchmark returns.' For now, Finance Minister Nate Horner has been appointed the sole director and chair for AIMCo.
Alberta government fires AIMCo board
This is also the third board to be fired in its entirety by the UCP government, following Smith’s firing of the Alberta Health Services board in 2022 and the firing of the Banff Centre for Arts and Creativity board last year.
Alberta government terminates AIMCo board over underperformance, rising costs
The provincial government of Alberta, Canada, has terminated the entire board of the C$168.9 billion ($124.5 billion) Alberta Investment Management Corp., Edmonton, citing underperformance issues and rising costs.
Alberta Fires Pension Manager’s Board, CEO Over Rising Costs
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 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.
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
Alberta fires entire AIMCo board, relieves CEO of duties, due to 'significant' cost increases
The release did not mention Evan Siddall , the chief executive of AIMCo, but he no longer appears on the pension manager’s website.
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 to name senior bureaucrat to lead AIMCo after ousting CEO, entire board
Ray Gilmour, the province’s top deputy minister and secretary to cabinet, will take over as head of the pension fund, sources ...
Alberta Politics7h
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 ...
Edmonton Journal1d
'Major reset': Province sacks AIMCo board, finance minister takes over
Horner said his major concern was expenses, including salaries that can exceed one million dollars, that he noted were “borne ...
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.