A $520 Billion Retirement System Comes Under Fire in Western Canada

In the span of eight months, the pension manager for Canada’s wealthiest province fired its entire board, shuttered new offices in Singapore and New York and cut more than two dozen jobs.

If Premier Danielle Smith has her way, that’s just the start of sweeping changes for the C$180 billion ($131 billion) Alberta Investment Management Corp. — and perhaps Canada’s entire pension system.