Discover and read the best of Twitter Threads about #closecounts
Most recents (1)
So here is the backgrounder provided to MLA’s on the unilateral decision to turn over all ATRF assets to AIMCo for investment. Can I get som guarantees here? Reduce costs from the ATRF five year average cost of 0.72% by 0.25%? Want to put that in writing? 
For comparison’s sake AIMCo‘s all in investment cost for 2018 was 0.53% which includes about 40% cash and fixed income which is inexpensive to manage. For comparison ATRF is about 22% cash and fixed income. #closecounts
Estimated annual savings of $41 million rests entirely on the canard of AIMCo being able to earn the exact same investment return. If AIMCo messes up the return by even 0.2% then all the expected savings are gone.
