Larry Berman: Why investors should have private credit exposure as part of their fixed income allocation - BNN Bloomberg

Open this photo in gallery:Alberta Premier Danielle Smith previously sacked AIMCo’s board and CEO, and has also previously pushed for the province to leave the Canada Pension Plan. Jeff McIntosh/The Canadian PressIt’s too soon to breathe easy on Alberta secession. Sure, the referendum’s preliminary results show that some 75 per cent of Albertans voted to remain in Canada. But the proportion of people who signalled they favour a binding vote on separation – roughly 25 per cent – is significant. This is hardly a resounding endorsement of Canadian unity. Federalists who assume they won and dismiss the concerns of Alberta separatists are making a big, fat mistake. The fallout from this historic vote will be felt for years. Secessionist leaders have explicitly said they plan to use this meaningful denouncement of Canada as leverage to agitate for change. That brings us to the Alberta Investment Management Corp., or AIMCo, which is a sitting duck for renewed political interference in light of the referendum result. The Edmonton-based institutional investment manager is part of the “Maple 8″ group of public pension fund managers and Alberta’s Crown jewel.

SpaceX just gave Wall Street a big reason to believe in the AI boom as demand for its computing power is off the charts.

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Special committees at both companies are assessing merger prospects but a combination is no sure thing, Musk says.