Alberta Investment Management Corp. reports a loss of 3.4 per cent for 2022 | Globalnews.ca

📆 06-04-23 22:22:00
📰 GlobalCalgary

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The fund manger responsible for the investments of pension, endowment and government funds in Alberta says the result was better than its composite benchmark, which posted a loss of 5.2 per cent for the year.

Alberta Investment Management Corp. reported a loss of 3.4 per cent for 2022 as it faced declines in both public equities and fixed-income markets last year.

The loss for the year came as the fund’s money market and fixed-income investments lost 8.1 per cent, while its public equity investments fell 10.0 per cent.

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Eyeroll. Big payouts to the CEOs & 'management' of AIMCo. And they 'only' repeatedly lose investor funds by single digit numbers. And Smith & UCP want OUR pension monies? Pffffft.

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