Jason Kenney's UCP government has chosen to delay the release of already audited financial statements for the #Alberta Heritage Trust Fund. This is in contravention of a reporting deadline specified in the Alberta Heritage Trust Fund Act. #ableg
These financial statements could potentially reveal some of AIMCo's recent profound failures as an investment management provider. We know that AIMCo was using what some pension experts deemed an irresponsible and high risk volatility investment scheme.
Put another way, AIMCo appear to have been selling a sort-of insurance against market fluctuations. When COVID-19 struck and markets fluctuated wildly, it seems AIMCo was left paying out huge losses on a strategy some experts said AIMCo should never have been involved with.