Thread by @kevinmilligan, A column from from @colbycosh about the possibility of an Alberta Pension [...]

Kevin Milligan

kevinmilligan

A column from from @colbycosh about the possibility of an Alberta Pension Plan. He worries most about governance of investing--would a province-controlled fund be tempted to invest with political / non-financial motives? #Echobox=1573643916">https://nationalpost.com/opinion/colby-cosh-alberta-maddened-with-despair-looks-at-firewall-ii-wexit-boogaloo?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter #Echobox=1573643916">https://nationalpost.com/opinion/c...

Colby Cosh: Alberta, maddened with despair, looks at Firewall II: Wexit Boogaloo

The first four items from the old Alberta firewall are all mentioned in Kenney's mandate letter for the Fair Deal Panel, which all but explicitly says that the exercise is designed to satiate...

https://nationalpost.com/opinion/colby-cosh-alberta-maddened-with-despair-looks-at-firewall-ii-wexit-boogaloo?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1573643916

I& #39;d like to challenge his last sentence though.

@colbycosh finishes by wondering whether the CPPIB is more trustworthy than an AB fund:

"Assuming, that is, that you trust the Canada Pension Plan board to go on operating at arm’s length from the Canadian cabinet …"

It& #39;s not a "who do ya trust" choice between folks in Edmonton vs Toronto for managing pensions.

There are vital *structural* differences.

The CPPIB& #39;s investment policy can *only* be changed with support of 2/3rd of provinces with 2/3rd of population.

*Not* whim of fed cabinet.

You can follow @kevinmilligan.

Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: