alberta investment management corporation subsidiaries

AIMCo alongside long-term infrastructure investors Allianz Capital Partners (ACP) and Hastings Fund Management (Hastings) purchased Porterbrook Rail Finance Limited (Porterbook) for an undisclosed amount. Investing in Real Estate since 1925. Following the addition of the Alberta Teachers' Retirement Fund (ATRF) assets under AIMCo's management through the November 2019 UCP budget Bill 22, the Reform of Agencies, Boards and Commissions and Government Enterprises Act—if passed—AIMCo would become the "investment manager of all public sector pensions". [19], In 2018 board members included J. Richard Bird as chair, Phyllis Clark, Helen Kearns, Ken Kroner, Jim Prieur, Tom Woods, Sharon Sallows, and Robert Vivian Jr.[18]:44 Talisman Energy's Jackie Sheppard was the newest member, replacing Harold Roozen, who served from 2011 until 2018 when he retired. Alberta has a diverse economy, the lowest taxation system in Canada, low energy costs, low costs of running … [42] AIMCo works closely with Alberta Treasury Board and Finance to set long-term objectives for the Heritage Fund and implements these objectives through investments in a globally diversified mix of bonds, public and private equities, hedge funds, real estate and other real asset investments, such as infrastructure and timberland. Triq San Gwakkin, Zone 3, [32][33] AIMCo also entered into a strategic financing agreement with D.E. These are "arm's-length investment management entities with sufficient scale, independent boards and internal investment management, remunerated at rates competitive with the private sector. Through funds like these "Canada is emerging as a world-wide leader in successfully adapting the advantages of large funds to the public sector." Affiliates of AlpInvest Partners and ATRF made a structured financing investment in New York-based EagleTree Capital LP, an independent private equity and investment firm. [20] Kevin Uebelein was first named as AIMCo CEO to replace outgoing chairman Charles Baillie in 2014. Dale Mac Master Chief Investment Officer Alberta Investment Management corporation … AR 222/2013 s3 [18]:5, By December 31, 2019 of the total $103.7B, $88.2 B was in balanced funds and $15.5 B was in government and specialty funds. This is done in order to detect covert eavesdropping devices (also known as bugs) and identify security weaknesses. In 2011 AIMCo divested its stake in Autopista Central to Abertis for about 1.5 billion. ATB Securities Inc 1. Shaw & Co., a $40 billion New York-based hedge fund where it will provide $500 million in capital to pursue renewable energy investments globally. This is a key feature of its operating philosophy. [1], When AIMCo was created on January 1, 2008, it had a staff of 137. Mac Van Wielingen had served as Board Chair from December 2014 until he stepped down in 2018. It would add the interest to the principal. Alberta Investment Management Corporation (AIMCo) is one of Canada's largest and most diversified institutional investment managers with more than $115 billion of assets under management. [8], Investment performance highlights as of December 31, 2012 there was $1.6B gross of fees value added, $6.9 B gross investment income, $68.6B assets under management (AUM), 10.8% total AIMCo gross investment return, 12.6% balanced funds gross investment return, and 3.1% government funds gross investment return. (a) “Act” means the Alberta Investment Management Corporation Act; (b) “chair” means the chair of the board; (c) “senior publicly traded issuer” means a publicly traded issuer that has or had a market capitalization of at least $75 000 000. During the early 1980s, the fund made loans to other provincial governments in Canada. Alberta Investment Management Corp Info: Size ($ in 1000's) At 09/30/2020: $9,242,911 … Power Corporation and its subsidiary in a timely and accurate manner ... Value Creation & Asset Management at Alberta Investment Management Corporation (AIMCo) Edmonton, AB. AIMCo, in partnership with U.S. based AES Corp. acquired a 100% stake in FTP Power LLC from FirTree Partners for $1.6 billion in cash and debt. In May 2019, AIMCo announced that it was acquiring an 85 per cent interest in the $1.15 billion 90-kilometre Northern Courier pipeline system owned by the Calgary-based TC Energy's—formerly known as TransCanada Corporation. AIMCo seeks to maximize risk-adjusted returns by integrating environmental, social and governance (ESG)) factors into investment analysis across all asset classes. In 2015 AIMCo earned a 9.1% total fund net return on behalf of its clients. [4] Prior to becoming a Crown corporation in 2008, the corporation's assets were managed by a division of Alberta Finance.[5]. Total expenses for the year ended March 31, 2014 were $445 million, equating to 46 cents per $100 of invested assets. [9], AIMCo made two loans worth a total of $45 million to Razor Energy, an oil and gas company that paid out dividends to its shareholders with the loan. [8][7], The Government funds managed by AIMCo are used for Albertan services such as health care, education, infrastructure and social programs. Through pooled asset management, these entities achieve sufficient scale to produce significant cost savings through internal investment management and access to alternative asset classes." A crown corporation headquartered in Edmonton, Alberta, AIMCo manages the assets on behalf of "375,000 members of provincial public retirement programs", endowments, government funds, and other public accounts, including Alberta's $18-billion Heritage Savings Trust Fund. [39] AIMCo is increasing internal investments in people and technology to achieve greater cost-efficiencies over the next three years. About Alberta Investment Management Corporation (AIMCo) AIMCo is one of Canada's largest and most diversified institutional investment managers with more than $90 billion of assets under management. ATBSI 2 is a wholly owned subsidiary of ATB Financial and a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation (AIMCo) is a Sovereign Wealth Fund located in Edmonton, AB Canada, North America. The college currently operates two leading centres in Malta and Libya, which provide consultancy and training to the highest professional standards in firefighting, emergency response, disaster management, offshore and marine survival, fire safety, health and safety, as well as first aid. September 05, 2018- Learn why Alberta, Canada is one of the most competitive places to establish a business or invest in a business in North America. In all areas of its operations PT Matic place an emphasis on training as well as having a detailed involvement with clients’ staff. Following the addition of the Alberta Teachers' Retirement Fund (ATRF) assets under AIMCo's management through the November 2019 UCP budget Bill 22, the Reform of Agencies, Boards and Commissions and Government Enterprises Act—if passed—AIMCo would become the "investment manager of all public sector pensions". [30] This electricity transmission and distribution company is jointly owned by AIMCo and Ontario Teachers' Pension Plan (OTPP). Pensions plans whose assets are managed by AIMCo include the $50-billion As of 2020[update] on behalf of Local Authorities Pension Plan (LAPP)'s 275,000 members which includes "Alberta's hospital workers and other current and retired government employees,"[1] Special Forces Pension Plan, Employment Pension Plans Act (EPPA), Public Service Pension Plan (PSPP), Management Employees Pension Plan (MEPP), Provincial Judges and Masters in Chambers Pension Plan (Registered) and Supplementary Retirement Plan for Provincial Judges and Masters in Chambers (Unregistered), and the Supplementary Retirement Plan for Public Service Managers. Structure. Aviation Fleet Services India Management Company Limited : Cyprus: BCC Aruba Leasing A.V.V. Alberta Investment Management Corporation Shauna MacDonald Brookline Public Relations, Inc. P: +1-403-538-5645 C: +1-403-585-4570 smacdonald@brooklinepr.com. [10], In 2008, AIMCo had $75.7 billion assets under management (AUM) and by March 31, 2009 it had $69.0 billion. [2], Legislation creating AIMCo was passed by the Alberta legislature on March 20, 2007,[3] and AIMCo became a crown corporation on January 1, 2008. 08:00 – 16:30, Quality, Environmental and LPCB Certification, Give yourself the gift of peace of mind on Black Friday, Notice to clients: Planned maintenance on riscocloud.com, Hikvision Temperature Screening Solution at Mater Dei. Razor Energy announced on July 6, 2020 that the company would not be paying interest on AIMCo’s loan. [17]:55, According to the 2018 Canadian Responsible Investment Trends Report, recognised the progress of major Canadian investors like the Alberta Investment Management Corporation, Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan that are firmly involved in responsible investing as they acknowledge that "sustainability equals profitability."[27][28]. "[1] AIMCo invests $50-billion on behalf of LAPP’s 275,000 members, who include Alberta’s hospital workers and other current and retired government employees. AIMCo, in combination with the Virginia Retirement System successfully recovered $204.5 million after co-leading the class action securities litigation against MF Global, a now defunct broker dealer.

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