"Any fund manager(s) selected for the APP fund would be guided by a clear governance and accountability mandate to deter political interference."
No shit. #ABLeg
Nope. AIMCO's governance needs help. Accountability is an all time low.
How many million dollar bonuses were paid for sub-benchmark 2019 performance? Wait, you won't tell us?
"The numbers quoted come from a study by the Fraser Institute ... The panel verified these numbers by checking against Statistics Canada sources cited in the study, as well as other sources such as the OSFI.... " #ABLeg
That's right. The Fraser Institute has purveyed erroneous data so often they had to be fact checked by the Fair Deal Panel. #ABLeg
As we say, it isn't the data that is bad (it came from Stats Can), it is the conclusions that are wrong. #ABLeg
Nowhere does the Institute examine how long AB will be younger than average.
"It should be noted the eight large Canadian pension plan managers including the CPPIB and AIMCo are regarded as global leaders by their international peers in
... the scale of their assets and their solid performance."
There only job is managing investments. LAPP is a pension manager, ATRF is a pension manager. AIMCO misrepresents themselves here. #ABLeg