19-11-2020 05:44 via edmonton.ctvnews.ca

AIMCo CEO steps down after $2B loss

AIMCo's CEO will step down after the organization came under fire in April when it lost $2 billion in a bet against market volatility. READ MORE: Alberta public pension manager loses big in oilpatch investments: analysis Kevin Uebelein has been at the helm of AIMCo since 2014. A statement from AIMCo says his natural term end is "in the not too distant future" but didn't give a specific date. AIMCo manages more than $100 billion for the provincial government, pension funds and endowments. Uebelie
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