Alberta's Finance Minister ousts AIMCo's CEO and board due to high costs and poor returns.

Alberta's Finance Minister Nate Horner has dismissed the CEO and board of directors of the Alberta Investment Management Corporation (AIMCo) over concerns about high operating costs and underwhelming investment returns. The government aims to appoint a new board and CEO within the next few months. AIMCo manages over $160 billion in assets, and recent returns have fallen short of benchmarks, though long-term performance is seen as satisfactory by some analysts.

November 11, 2024
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