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This is your daily pension announcement: The Pension War Room™️ unleashes AIMCo's investment results and some whoop-ass! Available for download here. #ABLeg #handsoffmypension #travisfail
aimco.alberta.ca/Media/News-Vie…
aimco.alberta.ca/Media/News-Vie…
On the surface of the press release things sound good! AIMCo earned a net (of fees) return of 10.6% in 2019. But, as I have said many times, this number is nearly meaningless for comparison purposes. ATRF has a different year end and a different asset mix. #ABLeg
As Kevin would tell you, end date and asset mix need to be controlled to make this kind of comparison over a one year time frame.
CEO Kevin does admit a little ways down:
"we acknowledge that in the short-term we have not met our clients’ expectations.” #ABLeg #owthathurts
CEO Kevin does admit a little ways down:
"we acknowledge that in the short-term we have not met our clients’ expectations.” #ABLeg #owthathurts
