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Alberta cabinet ministerfinancialpost
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73% Informative
Alberta Finance Minister Nate Horner fired Kenneth Kroner as interim chair of Alberta Investment Management Corp. Kroner disputes the data and assertions used to justify the government’s “reset” at AIMCo.
The entire board of directors, including Kroner , as well as chief executive Evan Siddall , were removed from their posts last week .
Kroner was on the board for eight years and had been acting chair since the beginning of this year .
Kroner says government figures are being used to tarnish AIMCo’s reputation.
He says fees went up at a much slower pace than assets, and fees dropped by a third over the 2019 to 2023 period.
Kroner said headcount increases reflect client request for a near doubling of illiquid investments such as real estate, private equity and infrastructure.
VR Score
77
Informative language
75
Neutral language
76
Article tone
semi-formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5