GREY:CNKEF - Post by User
Comment by
mike49on Jan 19, 2020 3:09pm
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Post# 30571282
RE:PeterM1
RE:PeterM1I agree that both posts are well thought out and while inviting opposing views (as per John for etc)
the original case is made.
Refreshing.
Anyway, I read a contradiction in your post re aimco.
either they are entrenpenures or stewards of Albertans (with plans) pensions.
All pension fund fund managers make the dough- yes supposed to be about returns for performance and hands off social policy but the real world is different.
For e.g., cppib has over 100 people making over a mil a year. I absolutely detest some of the investments they make but hey, our pension,right?
telus pension just took a huge hit.the original investment was straight up return.oops.
I can list others but you are right when you say that a good manager will cut the loss or take advantage of a gain.
Aimco is simply an umbrella organization.many investments are made thru llp s and the rest with various employee plans.
Very different approach and accountability for each so in regards to cke-check which entity owns what and hold responsible party accountable.
For context, why did Aimco buy big with coastal gas link? The politics can get ugly in a hurry....why does a pension fund from alberta buy when bc pension happy with water rights in South America?
There is an agenda always.
If I was to bet, I would say a move here would be for blackswan/altagas to acquire assets and a sale of Aimco shares to bison or riverside and let them deal with it.
Agenda met,albeit not at immediate profit margin.
Onward and decent Sunday yaks all.