Last Thursday, many Albertans were shaken to learn about Finance Minister Nate Horner’s surprise dismissal of the directors of the Alberta Investment Management Corp. (AIMCo) and Evan Siddall, AIMCo’s CEO.
AIMCo manages more than $23 billion in assets on behalf of the Heritage Fund and over $120 billion of investments for nearly 400,000 public sector workers and retirees. The minister cited rising investment management fees, staffing costs and poor performance as the reasons for the decision. Read more →
Do you like this page?