Alberta Government Fires AIMCo Board, Citing Rising Costs and Poor Performance

Alberta Government Fires AIMCo Board, Citing Rising Costs and Poor Performance
Alberta Finance Minister Nate Horner delivers the 2024 budget in Edmonton, on Feb. 29, 2024. The Canadian Press/Jason Franson
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Alberta’s finance minister has sacked the board of directors of AIMCo, which manages pension and other funds for the province and handles more than $160 billion in assets

Finance Minister Nate Horner said in a statement Thursday that the move is due to rising management fees coupled with a consistent failure to meet mandated benchmark returns.