Alberta government fires AIMCo board, cites poor performance
- Alberta’s finance minister has dismissed the AIMCo board due to poor performance and will serve as the sole director until a new chair is appointed within 30 days.
- From 2019 to 2023, AIMCo saw third-party management fees rise by 96%, employee numbers increase by 29%, and wage costs grow by 71%.
- Nate Horner stated that despite returns for clients, AIMCo consistently failed to meet benchmark returns and requires a focus on better returns and lower costs.
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Coverage Details
Total News Sources0
Leaning Left17Leaning Right3Center4Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
L 71%
C 16%
13%
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