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Alberta Premier announces reforms to improve pension fund management returns
Alberta Premier Danielle Smith announced plans to appoint new board members for the Alberta Investment Management Corp. (AIMCo) as part of reforms aimed at improving its “middling returns.” The government is responding to concerns over high costs and management fees associated with the firm, which oversees C$169 billion in pension and government funds.
alberta pension fund leadership retreat focuses on storytelling and joy
Evan Siddall, the former CEO of Alberta Investment Management Corp., organized a gathering for around 170 senior staff at The Westin Edmonton. The event focused on leadership training through storytelling, facilitated by The Moth, a nonprofit dedicated to the art of storytelling.
former prime minister harper considered for alberta pension fund chair
Alberta's government is considering appointing former Prime Minister Stephen Harper as the chairman of its public pension fund manager, Alberta Investment Management Corp. This comes after the recent dismissal of all its directors, leaving the organization without a permanent board. Harper's name has been in circulation for several months regarding this potential role.
alberta government dismisses aimco board over performance and costs
The Alberta government has dismissed the entire board of Alberta Investment Management Corp. (Aimco) due to rising compensation and staffing costs without delivering satisfactory returns. Finance Minister Nate Horner will serve as the interim chairman and sole director as the province seeks to reform the firm, which manages approximately C$161 billion ($116 billion) in public pension and government funds.
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