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This is your daily pension announcement: The Pension War Room™️ will lay the truth bare!

Loyal followers, I again descend into the tailings pond of post factual pension knowledge. It might take me a couple of days, but I will point out all errors and omissions. #ABLeg
First, did I hear Athana (TBF DM) refer to the ATRF year end as Dec 31? And the AIMCO year end as March 31? Both of those are wrong. Aug 31 (school year end) for ATRF and Dec 31 for AIMCO.

But, AIMCO never releases their report until June to line up with the rest of GOA. #ABLeg
We're paying for this work, I would hope she could get it right.

She was (I think) trying to argue that the diff year ends made it to complicated to compare two investment funds. When, if she looked, the ATRF risk adjusted analysis had already done this. #ABLeg
AIMCO's Annual Report has been done for months now. And, they are delaying release for another couple of months. #ABLeg
How about Mac former AIMCO Board Chair? He made an argument about the importance of asset allocation that had to do with.... nothing. At least nothing germane. Nowhere did he admit that AIMCO had now lost their entire value added for the last 5 years.
Investment managers are paid much more than the people that work at pensions. And, yet Mac seems to say investment managers have no real influence on investment outcomes?

It is a surreal world.
In other news, Razor Energy just defaulted on its loan payments to AIMCO. At a 10% interest rate. You and I as taxpayers own a big piece of Razor both through equity and debt. #ABLeg
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