AIMCo, Alberta

Alberta government fires AIMCo board to 'reset' pension management fund
The province says the move comes 'after years of AIMCo consistently failing to meet its mandated benchmark returns.' For now, Finance Minister Nate Horner has been appointed the sole director and chair for AIMCo.
Alberta government fires AIMCo board
This is also the third board to be fired in its entirety by the UCP government, following Smith’s firing of the Alberta Health Services board in 2022 and the firing of the Banff Centre for Arts and Creativity board last year.
Alberta government terminates AIMCo board over underperformance, rising costs
The provincial government of Alberta, Canada, has terminated the entire board of the C$168.9 billion ($124.5 billion) Alberta Investment Management Corp., Edmonton, citing underperformance issues and rising costs.
'A major reset': Alberta government dismisses AIMCo board and CEO, citing underperformance
AIMCo has seen significant increases in operating costs and fees alongside returns on investment that have not corresponded with the cost increases, the province added.
Alberta government fires AIMCo board, citing rising costs and poor performance
EDMONTON – Alberta’s finance minister has sacked the chief executive officer and entire board of directors of Alberta Investment Management Corp., the Crown corporation that manages pension
Alberta fires entire AIMCo board, relieves CEO of duties, due to 'significant' cost increases
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 All previous board member appointments have been “rescinded” and a new board is to be established after a permanent chair is named, according to the release.
Alberta fires AIMCo board and CEO, NDP responds
Court Ellingson, Alberta NDP shadow minister for finance, issued a statement in response, calling the move “UCP incompetence.” “In an unprecedented move, the UCP fired the entire board and the CEO, and made their own politician—not an investment expert—the sole person in charge of over $170 billion of these Albertans’ pensions,” said Ellingson.
Alberta fires AIMCo Board, citing poor performance
Alberta Finance Minister Nate Horner says the board of directors of the Crown corporation that manages pensions and other funds for the province has been sacked due to poor performance. (Nov. 07, 2024
Alberta Fires Pension Manager’s Board Over Costs, Returns
Alberta Investment Management Corp.’s entire board was sacked by the provincial government, which said the money manager has increased compensation and staff but hasn’t produced acceptable returns.
Alberta dismisses provincial pension manager's entire board, citing low returns
Canada's main crude-producing province Alberta dismissed the Alberta Investment Management Corp's (AIMCo's) entire board on Thursday, saying the pension manager had underdelivered returns from the investments of provincial government funds it manages.
Alberta to name senior bureaucrat to lead AIMCo after ousting CEO, entire board
Ray Gilmour, the province’s top deputy minister and secretary to cabinet, will take over as head of the pension fund, sources ...
Edmonton Journal1d
'Major reset': Province sacks AIMCo board, finance minister takes over
The Alberta government has sacked all 10 board members of the Alberta Investment Management Corporation (AIMCo) ...
Alberta Politics7h
Firing of AIMCo CEO and entire board another sign UCP is determined to control everything, everywhere, all at once
With its surprise decision to cashier the entire board and the top executive of the supposedly independent Alberta Investment ...
Alberta government fires AIMCo board citing rising costs, poor performance
Finance Minister Nate Horner said the reason is poor performance, with rising staffing and management fees coupled with a consistent failure to meet mandated benchmark returns.