Thread by @yomeeks

This is your daily pension announcement. The Pension War Room™️ takes no pleasure in finding outright misinformation from Treasury Board and Finance. Below is a chart from Travis in a reply to a constituent concerned about the ATRF/ AIMCO situation. #AbLeg #handsoffmypension

Ah Travis you keep on giving.....
Can you spot the error/misinformation? Here is another view:
"ATRF (year ending August 31, 2019)
AIMCo Balanced Fund (year ending December 31, 2019)"

Travis claimed these were 2019 value add returns when in fact they were 2018 returns. #AbLeg

Is it any coincidence that you need to go back to 2018 to find a reasonable return for AIMCO? Was this an accident? #AbLeg #handsoffmypension

This is indicative of this whole issue. No rational discussion with TBF, ever.

So it will be my job to provide the 2019 value add returns for ATRF and AIMCO Balanced Fund:
1 year 4 year 10 Year
ATRF 1.4% 0.8% 0.9%
AIMCO -0.7% 0.5% 0.8%

Yup, for the time period Travis selected ATRF value add outperforms AIMCO FOR ALL THE TIME PERIODS selected. #AbLeg #handsoffmypension

Travis was not interested in doing the best for taxpayers though. He was only into helping the Fraser Institute live out its wet dream.

As Travis points out, to make this comparison as accurate as possible we would need to calculate a risk adjusted rate of return.

Travis failed to have TBF do that. ATRF did that and it isn't pretty for AIMCO. #AbLeg #handsoffmypension

For fun Travis should have included the 2020 value add for the AIMCO balanced fund. Travis has these numbers but he won't release them until July (with the AIMCO Annual Report). I will revisit this topic then. Maybe Travis can update his emails as well. #AbLeg