News Formal

Alberta Investment Management Corp.’s balanced fund earned 8% in 2023, falls short of benchmark

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 42 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 61%

Aimco News

Alberta Investment Management Corp.,Invest,Money

Alberta Investment Management Corp. says its balanced fund earned a net return of 8.0 per cent for 2023, short of its benchmark return of 9.3 per cent.

Alberta Investment Management Corp. CEO Evan Siddall speaks in Calgary on Wednesday, Sept. 21, 2022. The Alberta Investment Management Corp. has set up a new $1-billion fund dedicated to investing in the global energy transition and decarbonization sectors.

The investment manager says its public equity investments earned 15.8 per cent, while its fixed income holdings earned 7.7 per cent. The firm’s private equity portfolio generated a return of 6.7 per cent, while infrastructure investments earned 3.8 per cent and its renewable resources portfolio returned 1.6 per cent.

AIMCo’s real estate portfolio lost 8.4 per cent, while mortgages earned 4.5 per cent and private debt and loan holdings returned 9.6 per cent.AIMCo, which had $160.6 billion in assets under management at the end of 2023, invests on behalf of pension, endowment, insurance, and government clients in Alberta.“During 2023, persistently high inflation and interest rates and challenging geopolitical factors combined to affect global markets,” AIMCo chief executive Evan Siddall said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 50. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta bus company seeks government help as European carrier launches in AlbertaFlixBus will offer four daily routes between Edmonton and Calgary and two daily schedules between Lethbridge and Calgary.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Morgan Stanley Hires Former Credit Suisse Banker to Lead China Investment Management DivisionMorgan Stanley has hired former Credit Suisse banker Min Huang to lead its China investment management division as the US firm expands its product offerings in the country. Huang will focus on attracting funds from high net worth and institutional investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Cathie Wood’s Ark Investment Management Announces OpenAI StakeCathie Wood's Ark Investment Management has announced its stake in OpenAI.
Source: BNNBloomberg - 🏆 83. / 50 Read more »