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UPDATE 1-Canada's AIMCo records 9.1 percent rate of return in 2015

Published 2016-03-22, 02:32 p/m
© Reuters. UPDATE 1-Canada's AIMCo records 9.1 percent rate of return in 2015

(Adds comment from CEO, details)
TORONTO, March 22 (Reuters) - Canada's Alberta Investment
Management Corp (AIMCo) said it performed better in 2015 than in
any year since its inception in 2008, with investments in real
estate and infrastructure outperforming benchmarks.
AIMCo achieved an overall rate of return of 9.1 percent and
a 10.1 percent rate after stripping out government and specialty
fund clients for managing short and medium-term fixed income
assets and for liquidity management.
AIMCo, which manages pension and government funds for the
oil-rich province of Alberta, said overall investment income was
C$7.5 billion ($5.75 billion) from total assets under management
of C$90.2 billion. The performance exceeded its investment
benchmark by over C$1.5 billion, it said.
AIMCo said investment teams in public equities,
infrastructure, private equity and real estate all significantly
outperformed their market benchmarks.
Like other Canadian pension funds, AIMCo has invested in
real estate and infrastructure as an alternative to low-yielding
government bonds.
"This result is further evidence that the 'Canadian model'
of public asset management is one that very well serves the
needs of the public," said Chief Executive Officer Kevin
Uebelein.
($1 = 1.3049 Canadian dollars)

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