[CalgaryTiger]

The performance issues at AIMCo has been well documented though. The 2020 drop was completely apolitical and led to organizations wanting to pull out (AIMCo is the investment arm on behalf of many public pensions). Arguably the previous CEO was investing in the business so they can become a competitor to the OTPP, OMERS, BCIMC. But that's not the only operating model and definitely most of these active pensions (except maybe OTPP) have underperformed indices.

Fair and I'm biased but I just hope that it is kept a-political. There better not been any signaling to their base about this being part of an Alberta Pension anything.

 

[darwink]

Meeting the performance of indices is not the right metric, as a good portion of assets need to be continually cycled into meeting obligations, and reducing risk/increasing liquidity as the assets tied to obligations approaches the need to produce income. You can think of AIMCo as 2 million different investor accounts -- you wouldn't have the same risk mix for a 25 year old new nurse as a 45 year old fire fighter or a 55 year old office worker or a 75 year old retiree.

While AIMCo's performance is worse than competitors, their obligation mix is different than competitors too, and certainly different than a 100% S&P 500 hedged or non-hedged ETF.

 

[darwink]

This is a really good thing from the province. In the unbuilt projects thread, there are numerous proposals from the 70s and 80s that went stale because the province just couldn't make decisions with any sort of certainty to timelines, or that once decisions were made, that they were firm and not still up for discussion continuously.

https://www.cbc.ca/news/canada/edmonton/alberta-all-season-resorts-crown-land-tourism-bill-35-1.7377645

 

[Mountain Man]

Are there specific places they want these resorts? Seems like maybe the Province should help fund the resurgence of Fortress and maybe adding a MTB park at Castle.

 

[Chowda7]

India to deploy around 10 seaplanes with in 8-12 months: De Havilland

De Havilland Canada plans to deploy seaplanes in India, with private and public operators showing interest in the Twin Otter aircraft.

www.thehindubusinessline.com

 

[darwink]

Are there specific places they want these resorts? Seems like maybe the Province should help fund the resurgence of Fortress and maybe adding a MTB park at Castle.

Cross jurisdiction problems caused development at Caste to fall apart in the past. And a lack of a coherrent regulatory process has likely held back the redevelopment of Fortress.