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They slam my profession, they berate my colleagues and they bash my association, but it wonât change a thing, because WE ARE TEACHERS! We will still show up on Monday and love on our kids, because WE ARE TEACHERS! 1/4
We will continue to work in conditions that are unsafe on the precipice of the new variant, without proper PPE or protocols, because WE ARE TEACHERS! We will work in classrooms with complex needs and limited supports, because WE ARE TEACHERS! 2/4
We will continue to care about kids long after the day is done, because WE ARE TEACHERS! We deserve better, we want better and we have earned better, and until our government comes to that same understanding, we will be there for our kids and yours, because WE ARE TEACHERS! 3/4
So here is the backgrounder provided to MLAâs 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 comparisonâs sake AIMCoâs 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.
So from the official Finance spokesperson the motivation for switching investment managers is: âreduced investment costs and, therefore, higher expected investment returns.â Straight up admission that AIMCo canât provide a better gross investment returns. #abteachers
Their impact would be by reducing costs and therefore (hopefully) increasing the net investment return. Sorry this is going to be a long thread. #abteachers #ABbudget
I will say that AIM Co would probably be able to reduce investment costs by maybe 5 basis points.
I will say that AIM Co would probably be able to reduce investment costs by maybe 5 basis points.
Success would then be predicated on AIMCo returning at least the same gross return as ATRF. Doubtful. Highly doubtful. Highly speculative. I will work on an analysis of ATRF returns vs LAPP (managed by AIMCo). Unfortunately, it is complicated by different year ends and the like.
