Province fires board of Alberta Investment Management Corporation
The province said it has decided to "reset" the focus of the provincial corporation, and will be appointing a new board chair within 30 days. Court Ellingson with the Alberta NDP says the move shows incompetence by the government.
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 Finance Minister Nate Horner will temporarily become the fund manager’s chairman and sole director as the government of the Canadian province overhauls the firm.
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 due to 'significant' cost increases
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.”
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 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 government fires AIMCo board to 'reset' pension management fund
For now, Finance Minister Nate Horner has been appointed the sole director and chair for AIMCo, according to the province.
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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.