'Unprecedented,' ‘earth-shaking' board upheaval at Alberta …
3 days ago · For context, Ambachtsheer noted that AIMCo had suffered significant investment losses in 2020, and that this had led to reconstituting its board and senior management team over the 2021-2023 period.
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 ...
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 ...
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.
Alberta government fires AIMCo board, four top executives, in …
Nov 7, 2024 · 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 …
Nov 7, 2024 · 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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.
AIMCo board fired by Alberta government | CTV News
Nov 7, 2024 · AIMCo, which was established in 2008, has weathered controversy in recent years. In the spring of 2020, it took a $4-billion loss on the $110 billion it managed.
Alberta government fires AIMCo board citing rising costs, poor ...
Nov 7, 2024 · 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 government fires AIMCo board, citing rising costs and …
Nov 7, 2024 · 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
Nov 7, 2024 · 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.