wealthprofessional.ca1d
Alberta government takes control of AIMCo with sweeping leadership overhaul
The Alberta government opposed some of Siddall’s initiatives, including opening an office in high-end One Vanderbilt in New ...
Public ambush sends alert to $169 billion Alberta pension: Government’s in charge
To restore confidence in the agency, Alberta’s government has decided to reset the investment corporation’s focus with a new ...
AIMCo clients face consequences of undermining Alberta asset manager
Customers have been lobbying politicians for changes in leadership. With its recent high-profile purge, the province showed ...
Pensions&Investments22h
Alberta premier defends AIMCo purge to boost ‘middling’ returns
The government has considered hiring former Canadian Prime Minister Stephen Harper to lead AIMCo’s new board, people familiar ...
The Globe and Mail4d
Alberta’s purge at AIMCo followed a clash of visions, complaints about leadership
Questions about leadership and spending decisions under chief executive officer Evan Siddall and some key lieutenants collided with a fraught and politicized relationship between AIMCo and the ...
Calgary Herald on MSN3dOpinion
Opinion: AIMCo’s political makeover centralizes premier's power over pensions
AIMCo’s big clients (public sector pension funds) have long been critical of investment underperformance and high costs. In ...
Former Canadian prime minister Harper eyed as Alberta pension chairman
Alberta’s government has considered hiring former Canadian Prime Minister Stephen Harper to oversee its public pension fund ...
Institutional Investor6d
Justification for Alberta’s Ousting of AIMCo’s Board and CEO Called Into Question
Government cites rising costs and poor returns for the leadership purge, but Keith Ambachtsheer disputes this.
Fired AIMCo chair disputes Alberta’s narrative on costs in letter to Horner
AIMCo is a low-cost manager compared to similar funds and has 'solidly' exceeded benchmarks over the years, says Kenneth ...
Calgary Herald on MSN3d
AIMCo overhaul: Board appointments next week, new heritage fund strategy in works, Smith says
Alberta Premier Danielle Smith says more clarity about the future of the Alberta Investment Management Corp. will be provided ...
Calgary Herald3d
Opinion: AIMCo’s political makeover centralizes premier's power over pensions
Last Thursday, many Albertans were shaken to learn about Finance Minister Nate Horner’s surprise dismissal of the directors of the Alberta Investment Management Corp. (AIMCo) and Evan Siddall ...