November 8, 20240 Comments

AIMCo expansion was a source of tension with Alberta

Breadcrumb Trail Links Investor News Pension veterans say there was more going on behind the scenes than scrutiny of costs Get the latest from Barbara Shecter straight to your inbox Sign Up Published Nov 08, 2024  •  Last updated 30 minutes ago  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Alberta Investment Management Corp. chief executive Evan Siddall

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November 7, 20240 Comments

Alberta fires entire AIMCo board due to cost increases

Article content The Alberta government has jettisoned the entire board of Alberta Investment Management Corp. (AIMCo), saying the investment manager of pensions and other funds in the province has seen “significant” increases in operating costs and management fees in recent years “without a corresponding return on investment.” 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

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