The Alberta government’s sudden decision to dismiss the entire board and CEO of the Alberta Investment Management Corp. (AIMCo) comes at a time when a number of the pension fund’s clients are “unhappy,” according to a business columnist with The Globe and Mail. “AIMCo has been controversial for a couple of years and their performance hasn’t been that great… there is an underlying reason for this rather abrupt action from the government and it’s to do with the ability to keep these clients happy – there is a lot of unhappy clients at AIMCo.”
https://www.bnnbloomberg.ca/business/politics/2024/11/08/aimco-board-firing-comes-as-fund-has-a-lot-of-unhappy-clients-columnist/
The Alberta government’s sudden decision to dismiss the entire board and CEO of the Alberta Investment Management Corp. (AIMCo) comes at a time when a number of the pension fund’s clients are “unhappy,” according to a business columnist with The Globe and Mail. “AIMCo has been controversial for a couple of years and their performance hasn’t been that great… there is an underlying reason for this rather abrupt action from the government and it’s to do with the ability to keep these clients happy – there is a lot of unhappy clients at AIMCo.” https://www.bnnbloomberg.ca/business/politics/2024/11/08/aimco-board-firing-comes-as-fund-has-a-lot-of-unhappy-clients-columnist/
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AIMCo board firing comes as fund has ‘a lot of unhappy clients’: columnist
The Alberta government’s sudden decision to dismiss the entire board and CEO of the Alberta Investment Management Corp. comes at a time when a number of the pension fund’s clients are “unhappy,” according to a business columnist with The Globe and Mail.
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