This is your daily pension announcement: The how did we get here edition? Andrew Willis does an excellent job of explaining how this might of happened. For those who want details.... #ABLeg #handsoffmypension https://www.theglobeandmail.com/business/commentary/article-the-blowback-of-aimcos-gamble-with-market-volatility/">https://www.theglobeandmail.com/business/...
Opinion: The blowback of AIMCo’s gamble with market volatility

AIMCo lost an estimated $4-billion on investments linked to stock market volatility, in addition to turning in poor results on traditional stock and bond investments across its $119-billion portfolio

https://www.theglobeandmail.com/business/commentary/article-the-blowback-of-aimcos-gamble-with-market-volatility/
He quotes Dr. Ascah& #39;s report on AIMCo as I have in the past:

“Unfortunately, there were no clear, public performance standards established for AIMCo as a whole and therefore no public assessment or debate of the success of the AIMCo corporatization project.” #ABLeg
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