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Originally Posted by Slava
I’m not in favour of an APP, but the funds are managed by the government irrespective of the province or federal government. The Liberals have nothing to do with CPP, and the UCP (or NDP) would have nothing to do with the APP either. It’s professionally managed.
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AIMco doesn't even need UCP interference to be disasters, they are doing that just fine on their own.
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But while Mr. Kenney waits for the panel to deliver its report, which remains nearly a month overdue, he may want to reflect on recent news that AIMCo lost a reported $2.1-billion on an exotic derivatives trade that blew up in its face. Talk about spectacular performance.
Indeed, even beyond that public and highly costly embarrassment, AIMCo hasn’t been as successful as Mr. Toews let on. “Canada boasts some of the world’s most sophisticated and best performing public investment funds, which essentially operate like Wall Street firms but siphon profits to ex-bus drivers and retired nurses," wrote Leanna Orr, in Institutional Investor. "AIMCo is not among that top tier, experts and data suggest.” While the Ontario Teachers’ Pension Plan produced returns of 9.8 per cent on an annualized basis over the past decade, Ms. Orr noted, AIMCo returned just 8.2 per cent.
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https://www.theglobeandmail.com/opin...-pension-plan/
Why would any intelligent Albertan want their pension moved from one of the most competent to this? Oh, wait, they wouldn't.