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This is your daily pension announcement: throwback to the 2008 financial crisis! You know, when 150 year old investment banks went bankrupt on derivative trading strategies! #handsoffmypension #travisfail #ABLeg
I don't want to panic anyone. But, AIMCo wants trust from teachers and other plan members. Both LAPP and PSPP, both exclusive AIMCO customers, finished 2019 below their return benchmarks. Would have been better indexed. #ABLeg
In the case of PSPP 1.46% below benchmark (benchmark=average return). Usually the goal is to earn some % above benchmark. (LAPP's goal is 0.8% above bench.) #ABLeg
