Alberta government could be on hook for $1.3-billion
Background In March 2020 the Alberta government’s investment manager the Alberta Investment Management Corporation (AIMCo) lost approximately $2-billion due to trading losses. AIMCo had established an investment strategy based on, in effect, insuring counter-parties against volatility trading losses. This strategy was called VOLTs for volatility trading strategy. The losses occur occurred suddenly due to dramatic … Continue reading Alberta government could be on hook for $1.3-billion
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