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This is your daily pension announcement: The Pension War Room™️ is at action stations yet again. Take a read here, truthfulness rated at 5 out of 5 . #ABLeg

albertapolitics.ca/2020/05/can-ke…
My favorite quote:
"As the Globe and Mail reported on May 6, in a story unfortunately hidden behind its paywall, AIMCo. has been significantly underperforming other pension managers for more than a decade." #ABLeg #handsoffmypension
And:
"Of course, that fact didn’t stop Alberta Finance Minister Travis Toews from claiming last fall in a Postmedia op-ed accusing “union bosses” of “scaremongering” that AIMCo “regularly achieves spectacular investment performance.”"
#ABLeg
Read 11 tweets
This is your daily pension announcement: The Pension War Room™️ demands a relative value comparison with the CPP Investment Board!😲💩 Andrew Willis brings the fire! #ABLeg #handsoffmypension #milburned

theglobeandmail.com/business/comme…
To quote the sickest of burns:
"Edmonton-based AIMCo, on the other hand, has the dubious distinction of being among the worst-performing Canadian pension plans during the recent downturn, posting stats that would get a player cut from the Edmonton Oilers." #ABLeg #thathurts
And he doesn't let up:

"Contrasting its results to CPPIB – an apples-to-apples comparison – also shows the Alberta fund suffered outsized losses on investment strategies linked to market volatility."

#ABLeg #minburned #teamtripod
Read 8 tweets

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