Quote:
Originally Posted by bizaro86
In 2023 I really don't think it matters whether the private investment deal makers have offices in Calgary or Toronto for their returns. Those deals are getting done by email, phone, zoom, etc.
Besides, the best investment returns of all time have come from Omaha, Nebraska. I think you'd be extremely hard pressed to demonstrate that having money managed in financial capitals improves returns.
|
The whole Toronto vs Edmonton/Calgary argument is just ignorance and coming from a position of piling on reasons to not change the CPP. Some of the best funds in Canada are managed out of Calgary by Mawer. In today’s world location doesn’t really equate to competitiveness.
In my mind this should only be viewed from the lens of whether the creation of the APP would be as independent as the CPP and whether AIMCO could manage it as well.