News
AIMCo job cuts spark concerns over commitment to inclusion
Published: 6 February 2025
The Alberta Investment Management Corporation (AIMCo) has eliminated 19 non-investment positions, including its sole equity, diversity, and inclusion (EDI) lead, raising concerns about its commitment to workplace inclusion. Experts warn that cutting EDI leadership could signal a retreat from inclusive practices, which are linked to better financial performance. In an interview with CBC, Associate Professor of Finance Sebastien Betermier highlights the risks of groupthink in investment teams, emphasizing that diversity fosters better decision-making. AIMCo insists its commitment to inclusion remains strong despite the cuts, but critics worry the move reflects shifting priorities under new leadership, including board chair Stephen Harper.