Thread by @yomeeks

This is your daily pension announcement: The Pension War Room™️is ramping up activity as we approach D-day: the day that @aimcoinvests releases its Annual Report. We will be looking for several things from this year's tome. #AbLeg #handsoffmypension

We will be looking for Kevin Uebelein's severance "pay" LTIP bonus. He was already paid millions in severance, but apparently (setting a new precedent) he has earned a bonus for this year even though he has not worked. #AbLeg #handsoffmypension

We will be looking for any disinformation and outright lies like this chart from last year. This chart allegedly shows how tragically underpaid @aimcoinvests execs are. Unfortunately, this chart is not normed to assets under management. Misleading at best.

(Exec pay is correlated to the size of the fund. At the time of this report @aimcoinvests was substantially smaller than comparators.) Kevin should have been paid less because he was managing less. He also should have been paid less because he did a poor job.

I mean really? Really? Comparing Kevin's compensation to Ontario Teachers' which was twice the size. (at the time)

So, I hope that clarity and transparency gets a new focus under @ewsiddall this time around. #AbLeg #handsoffmypension

We will also be looking carefully at the investment costs. I have included the graph authored by @aimcoinvests where it predicts, nay guarantees, a sub 50 basis points cost. This was the diagram that sold @ToewsforAlberta on this stupid idea. #AbLeg

So what do I win if @aimcoinvests can't produce a sub 50 basis points cost? An apology?

Here BTW, is part of a letter than @ToewsforAlberta sent to a constituent. Basically saying that you can't trust any of the return comparisons in the AIMCO Business case PUT OUT BY HIS TBF.

Again, I would remind you, that @aimcoinvests has no money of their own. They add up their costs and then send bills to the clients like @ATRFPension.

And, all of the pension funds have jointly appointed boards indentured to act in the best interest of the plans. #AbLeg