Local Authorities Pension Plan, with C$7.8 billion (U.S.$5.2 billion) in assets, and the C$1.5 billion Universities Academic Pension Plan are in the process of withdrawing from the control of the Alberta Treasury, which makes all investment management decisions for the Edmonton-based funds. The move to independence for two defined benefit plans could be completed by next summer, said Ron Liteplo, CEO of Local Authorities. Alberta Treasury currently manages C$13 billion in pension assets, he added. If the two plans leave the treasury, the boards would have the authority to hire and fire managers and set investment policy.
Local Authorities Pension Plan, with C$7.8 billion (U.S.$5.2 billion)...
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