Posted inAlberta Politics

CEO’s letter does nothing to restore confidence in AIMCo after its volatility strategy led to ‘a very unfortunate loss’

It’s only half as bad as you were told by the media, Alberta Investment Management Corp. Chief Executive Officer Kevin Uebelein says in a letter to stakeholders — the Crown-owned funds-management corporation only lost $2.1 billion gambling on market volatility. The first news reports on April 22 indicated the loss was about $4 billion. A […]