Q&A: Readers questions answered about Alberta government's shock AIMCo ...
The Alberta government surprised everyone last week by firing the CEO and entire board of directors of AIMCo last week, declaring the need for a “reset” at the $160-billion asset manager.
Justification for Alberta’s Ousting of AIMCo’s Board and CEO …
1 day ago · The management company’s latest annual report shows that AIMCo’s two-, three-, four-, and five-year annualized net returns all outperformed their benchmarks — returning 1.6 percent, 5.8 ...
After changes at AIMCo, United Conservatives now own successes …
5 days ago · Unmentioned in that news release is that, thanks in part to the shift of teachers' pension funds to AIMCo's portfolio, the agency's total managed assets rose over that stretch to $166 billion from ...
Why was AIMCo's CEO and board fired? What happens now?
3 days ago · A sharp rise in costs at Alberta’s $169 billion AUM public investment manager was a catalyst for drastic action by the provincial government late last week. The entire board of Alberta Investment Management Corporation (AIMCo) was dismissed with finance minster Nate Horner taking the chair role on a board for which he, for now, is the sole ...
Alberta government fires AIMCo board, four top executives, in …
6 days ago · In Friday's news release, the government said AIMCo's third-party management fees increased 96 per cent between 2019 and 2023. In the same period, the number of employees increased 29 per cent ...
Alberta fires entire AIMCo board due to cost increases | Financial …
6 days 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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.
Alberta names senior bureaucrat to lead AIMCo after ousting …
6 days ago · AIMCo’s costs have risen, sharply by some measures. Salary, wage and benefit costs rose 71 per cent to $222-million from 2019 to 2023, as the number of employees climbed from 465 to 600 ...
Alberta government fires AIMCo board, citing rising costs and …
6 days ago · AIMCo, in its latest annual report, said it had $161 billion of assets under management as of the end of last year, with 600 employees spread across offices in Edmonton, Calgary, Toronto ...
Alberta Fires Pension Manager’s Entire Board Over Costs, Returns
6 days ago · Aimco managed about C$161 billion ($116 billion) of public pension and other government money as of the end of 2023. ... News. Markets Economics Technology Politics Green Crypto AI.
Alberta government fires AIMCo board, citing rising costs and …
6 days 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 ...
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