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Old 11-16-2022, 09:49 AM   #3876
calgarygeologist
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Join Date: Dec 2013
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Quote:
Originally Posted by The Fisher Account View Post
Ah yes, the "professionals" at AIMCO. These dudes are crushing it:

Alberta pension manager loses $4-billion on investment bet gone wrong

https://www.theglobeandmail.com/busi...et-gone-wrong/

I wouldn't trust AIMCO to park my car.
The CPP professionals lose money/value as well. That is part of investing. The CPP just lost $23B in the last quarter. Do you trust those professionals?

Quote:
The board says the $16 billion decrease in net assets for the quarter consisted of a net loss of $23 billion and $7 billion in net transfers from the Canada Pension Plan.,The board says the fund's quarterly results were driven by losses in public equity strategies, due to the broad decline in global equity markets.
https://www.cbc.ca/news/business/cpp...ults-1.6548136
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