Alberta government fires AIMCo board to 'reset' pension …
20 hours ago · Alberta public pension manager AIMCo says $2.1B lost on volatility-based strategy AIMCo manages nearly $170 billion in assets, according to its 2024 mid-year investment performance report.
Alberta government fires AIMCo board citing rising costs, poor ...
19 hours ago · The province said that from 2019 to 2023, AIMCo’s third-party management fees have increased by 96 per cent, the number of employees increased by 29 per cent and wage and benefit costs increased ...
Alberta government fires AIMCo board, citing rising costs and …
20 hours ago · By The Canadian Press. November 07, 2024 at 4:47PM EST. Watch BNN Bloomberg live. EDMONTON — Alberta’s finance minister has sacked the board of directors of AIMCo, the body that manages more than $160 billion in pension, endowment and government funds for the province. Horner, in a statement, says the reason is poor performance, with rising ...
AIMCo board fired by Alberta government | CTV News
19 hours ago · 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. The information you ...
Alberta fires entire AIMCo board due to 'significant' cost increases
19 hours ago · The Alberta government has jettisoned the entire board of Alberta Investment Management Corp. (AIMCo), saying the investment manager of pensions and other funds in the province has seen “significant” increases in operating costs and management fees in recent years “without a corresponding return on investment.”. From 2019 to 2023, AIMCo ...
'A major reset': Alberta government dismisses AIMCo board and …
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 ...
19 hours ago · 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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release ...
Newsroom Ready: Alberta fires AIMCo Board, citing poor …
14 hours ago · 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, and will be appointing a new board chair within 30 days.AIMCo manages more than $160 billion in assets, according to its most recent annual report.It is ...
Alberta sacks AIMCo board, finance minister to take over
20 hours ago · Article content. The Alberta government has sacked all 10 board members of the Alberta Investment Management Corporation (AIMCo) as well as its chief executive officer, citing low investment ...
Alberta government fires AIMCo board, citing poor performance
20 hours ago · AIMCo exists to manage money on behalf of 17 pension, endowment, insurance and government clients in Alberta, including the province’s $23.4-billion Heritage Savings Trust Fund.
- Some results have been removed