Alberta to Appoint AIMCo Board
This is a Alberta news story, published by calgaryherald, that relates primarily to Danielle Smith news.
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day Alberta Heritage Savings Trust Fundcalgaryherald
•AIMCo overhaul: Board appointments next week, new heritage fund strategy in works, Smith says
73% Informative
Alberta Premier Danielle Smith says the province is preparing to appoint part or all of the new board next week .
Smith suggested Alberta is looking to boost the size of its rainy-day Alberta Heritage Savings Trust Fund by finding a new investment strategy for the $25-billion fund.
Smith did not say whether the province would direct AIMCo to make a wholesale change to its investment approach.
AIMCo has added more than $1 billion to the heritage fund in excess of its benchmark, analyst says.
Alberta ’s Finance Ministry said in a previous statement that the corporation is a “preliminary step” to grow the fund.
The province will be putting “at least a few board members” in place next week .
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