Newsmakers
Alberta Names Former Prime Minister Stephen Harper as AIMCo Board Chair
The Alberta government sacked the board and top executives of the fund earlier this month over cost concerns.
Tag: Alberta Investment Management Corporation
Pensions
AIMCo Political Takeover Flies in Face of Canadian Model
The Alberta Investment Management Co.’s costs were in line with other Canadian funds, but governance issues pose risks, pension experts say.
Pensions
Alberta Government Fires AIMCo Board, CEO
Concerns over costs led the provincial leadership to clean house and appoint Ray Gilmour as interim CEO.
Newsmakers
AIMCo Promotes 2 Executives to Replace Outgoing CIO
Marlene Puffer will depart as CIO of the C$168.9 billion Alberta pension fund.
Pensions
AIMCo Achieved 8% Balanced Fund Return in 2023
Equities and private debt boosted fund returns, while real estate lagged.
Manager Selection
Alberta Investment Management Names Marlene Puffer CIO
Puffer will oversee public and private investments for $110 billion Canadian investment manager.
Despite Headwinds, Institutions See Opportunities
Private market returns have come down off the highs, but institutional investors are keeping the faith.
Market Moves
CPPIB, Alberta Plan Invest Nearly $2 Billion in BAI Communications
The Canadian allocators are deepening commitments into the firm just as it’s expanding its 5G rollout capabilities in the US and UK.
Asset Management Culture
CPPIB Ex-Chief Mark Wiseman Named AIMCo Board Chair
The industry head joins the Alberta investment manager just as the province is considering seceding from the national plan.