Discover and read the best of Twitter Threads about #AIMCO

Most recents (4)

The Pension War Room™️ will once again dip into the sewage lagoon of AB public sector pensions!

The LAPP Annual Report is out! Get your copy ⬇️. Lots of good reading.…
The most important quote (p.9):
"Although media attention at the time focused on
significant losses resulting from AIMCo’s volatility
trading strategy (VOLTS), investment choices for nearly
all asset classes at AIMCo also underperformed during
the first quarter." #AbLeg #AIMCO
I could not have said it better myself. On the same page in sanitized corporate language. they also recognize that having Travis mess with the plan willy-nilly is a risk. #AbLeg #handsoffmypension
Read 10 tweets
This is your daily pension announcement! The other shoe has dropped edition. The ATA put out this release today. Loyal Tweeps, you know that the ATRF and AIMCO have been negotiating an Investment Management Agreement (IMA) for the last year. #ABLeg #AIMCO…
Apparently, negotiations have failed and Travis has imposed an IMA by Ministerial Order on Dec 23.

Merry F***ing Christmas! @schill_dawg essentially calls Kevin a bitch! Read it and see. #ABLeg #AIMCOfail #Christmascameearly
You wouldn't know that it had become law as it isn't listed with all the other Ministerial Orders on the QP website. I didn't think that was legal, to sign an MO and then keep it hidden from people like me. But, oh well. Nobody has ever accused Travis of being a genius. #ABLeg
Read 16 tweets
Okay #volatility twitter and #pensions twitter, the #AIMCo post mortem on their VOLatility Trading Strategy (VOLTS) program was released last week.…

@bennpeifert @choffstein @profplum99 @PensionPulse
If you work in financial technology development/implementation please use this as motivation for your painful, but vital work

"The limitations of the risk system had previously been recognized, and its replacement had been identified and was in the process of being implemented"
A risk system is hard to implement because it needs fresh data feeds to all the live positions and prices. It is less hard to do a snapshot risk assessment and to react to its findings. Blaming technology is problematic here.
Read 7 tweets
This is your daily pension announcement: The war room at the Chez Meek is ready at action stations!! Here is UCP MLA Ron Orr (Ponoka) @RonOrrMLA reviewing the ATRF pension hijacking. I am going to have to go through this again... #ABLeg #ABEd…
First, I would like to commend @RonOrrMLA. He has definitely tried to dig into this complex and multifaceted issue. I am not being facetious. He has dug in deeper than most MLAs. I do need him to engage in some critical thinking and challenge Travis occasionally. #getthehistory
Ron should be concerned about re-electability. These pension changes are abusive in nature. You will please note that he does not comment on the wider changes to other public sector plans. I think police officers, fire fighters and others should communicate with Ron.
Read 29 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!