Alberta government dismisses AIMCo board and CEO over rising costs and poor performance.

The Alberta government has dismissed the entire board and CEO of the Alberta Investment Management Corporation (AIMCo), which oversees over $160 billion in pension and government funds. Finance Minister Nate Horner cited rising management fees, increasing operational costs, and failure to meet performance benchmarks as reasons for the firings. Horner will temporarily act as the sole director until a new chair is appointed within 30 days and a new board is established.

November 07, 2024
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