Thread by @yomeeks

This is your daily pension announcement: The "What Would AIMCo Do?" edition. Or, when I get it made into a T-shirt it will be just "WWAD?"

Sorry, my announcements have not been quite daily lately. I have been busy working all day and all evening with concerts and the like.

If you asked AIMCo how to compare the investment return of two funds what would they say? #wwad #handsoffmypension #compare

The answer was published by AIMCo in their November missive available on their website. I quote:

All aspects of portfolio construction must be considered to compare asset managers, including:
• Respective Plan’s Reporting Period
• Respective Plan’s Maturity
• Respective Plan’s Funded Status
• Respective Plan’s Asset Mix
• Respective Plan’s Risk Tolerance #really

The answer they have is entirely reasonable within financial circles. You can't just compare annual return; you need to standardize the reporting period and control for risk and asset mix. #wwad

Which begs the obvious question:

WHY THE HELL DIDN'T YOU DO THIS TO COMPARE ATRF INVESTMENT MANAGEMENT TO AIMCO?

Nowhere in that piece of crap business case they provided to Travis do they do a calculation of a common end date risk adjusted return. #iwonderwhy

This just shows you that AIMCo knows what the right thing to do is but still did not do it. #handsoffmypension

This question, by the way, is a great one to take in to your MLA. Thanks for all of those meetings keep it up!!!

#democracy

Make sure you also ask your MLA why they only spent 20 minutes in the Legislature talking about the pension provisions of Bill 22. Bad for #democracy