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.
The question of AIMCo's capability and competence is extremely important to the #ableg debate on my private member's bill, Bill 203 - the Pension Protection Act. Recent changes by the UCP force several #Alberta pensions to use AIMCo as their sole investment management provider.
You can follow @ChristinaNDP.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
There are a lot of misconceptions about the Turkish diaspora in Germany. Since i just finished writing an essay about this topic I thought it's time to give other people
Read more
Las mejores calculadoras online en 2020A thread http://totumat.com/2020/11/26/las-mejores-calculadoras-online-en-2020/ Cuando se estudian asignaturas que requieren de cálculos complicados, nada mejor que contar con una buena calculadora.
Read more
Mitigating #ClimateChange is as much about taking up new techs as about leaving others behindMost studies focus on #coal's global downfall but another #energy tech decline is loomingRead my new
Read more