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This is your daily pension announcement: let's see how AIMCO is doing investing the Heritage Savings Trust Fund!
The latest quarterly report is available here. It is about the same size as ATRF. So good comparison. #AbLeg #Spoileralert #handsoffmypension
alberta.ca/heritage-savin…
Q2 for AIMCO returned 2.6% versus a bench of 2.1%. Not bad. The large print on the front page says the six month return is 7.7%. But it does not show the six month benchmark which was 8.8%.

That is sub-optimal performance. The value add is NEGATIVE 1.1% #thatsbad #AbLeg #notgood
What should the value add be:

"In the SIP&G, the Ministry of Treasury Board and Finance expects that the investments held by the Fund will return approximately 100 basis points, or 1% per annum, above the policy benchmark."

1% value add goal #thathurts

#AbLeg #swingandamiss
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