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We are about to head in to the Heritage Fund meeting .
1. We got the Annual Report on Thursday. MLAs were given less than 24 hours to read it.
2. For the first time in 26 meetings, the CEO, CIO of AIMCO (or board chair) aren't showing up to the Committee. (thread) #ableg
1. We got the Annual Report on Thursday. MLAs were given less than 24 hours to read it.
2. For the first time in 26 meetings, the CEO, CIO of AIMCO (or board chair) aren't showing up to the Committee. (thread) #ableg
Over the past calendar year AIMCo delivered returns of 2.5%, while the CPPIB delivered returns of 12.1%. If CPPIB had been managing Albertans’ pensions and Crown holdings (like the Heritage Fund), we would have been better off to the tune of $11.4 billion this year alone.
While AIMCo’s performance on a fiscal year basis relative to the CPPIB is slightly better, we still experienced relative losses of over $5 billion. Albertans rightly deserve to have AIMCo’s most senior officials appear and answer for the organization's poor performance.
