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This is your daily pension announcement: @GrantHunterUCP this is for you! Down and dirty!
A lesson on institutional investors. JK ran on jobs, economy and pipe. He has done nothing yet but drive investment away and destroy jobs. #nothanks
During my time at ATRF I got to meet a fair number of institutional investors from all over Canada and the USA. Let me introduce you to their unique psychology. They prioritize predictability above all else.
Predictability in government policy for instance. So when JK starts waving the #wexit flag and fanning the flames institutional investors run. They want political stability over a 10-15 year time horizon.
They are not hanging around for the birth of a nation like the Democratic People's Republic of Alberta (DPRA). So by picking up this cause the recession only deepened. #thatsucks.
BTW large institutional investors like democracy. So governments that get all dictator-ish are a turnoff. (They worry the govt will subsidize their competition to pay back a favor.) #whowoulddothat
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Greg Meeker
@yomeeks
This is your daily pension announcement, with a business case: Yeah, I was sent the business case today that the GOA allegedly used to support this massive multi billion-dollar shift of assets. #handsoffmypension #lies #ABleg #ABfin
I can't go through all of it today, but I will start with the biggest problems with this and then work my way down into the latrine of financial details. First, shout out to all of you writing letters and visiting your MLAs. #shitstorm
Some backbenchers are now openly (as they dare) questioning AIMCO's numbers and the whole strategy of dictating pension policy to jointly sponsored plans. Please, all of you keep it up! These letters and visits are turning the tide.
Read 26 tweets
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Greg Meeker
@yomeeks
This is your daily pension announcement: I was provided with the "fact sheet" that is given to MLA's for constituent meetings. Nothing new in the gaslighting.

Travis, release the business case like you promised a month ago.
#handsoffmypension
I don't want to deal with all the points in the MLA handout. But, I have to because they are just so #stupid

First the title: "Misinformation re: teacher pensions"

You could actually release some information yourself Travis.
"When you look at a 10 year average, AIMCo outperformed ATRF at 9.4% versus 7.4%." #bullshit

Travis is intentionally misleading. Returns need to be risk adjusted to be comparable. These are not.
Read 8 tweets
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Greg Meeker
@yomeeks
This is your daily pension announcement: Crony edition!
The cronies seem to be back in town.

Travis still has not released the business case he used to make this ATRF decision. He promised to weeks ago.

My question of the day is what does this make him? #AbLeg @SPhillipsAB
I am shocked and disgusted by MLA Grant Hunter and the other arm raising seals' comments in the leg. Something along the lines of "the ATA and union bosses told people to protest" and the media had "mis-reported" events. #handsoffmypension #AbLeg
Well, Grant and Travis, nobody told me to do anything. Not 1 single thing. I can see that the public is misled all on my own. So can anyone else who can do math. In fact, I am so independent that you didn't even pay me when I was the Board Chair of the ATRF. #thanksfornothing
Read 14 tweets

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Caitlin Long 🔑
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@nlw
1/ Long Reads Sunday 15. It was, unexpectedly, a week of crypto unity; a full throated affirmation of our shared future over our contentious present. Or, a reminder that we are nearly preternaturally incapable of *not* rising to the bait of trolls. Strap in, it’s long reads time!
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@joannaelmy
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