AIMCo has “almost nothing” invested in China, said CEO Evan Siddall in an interview with The Canadian Press, as Alberta’s $158-billion pension fund looks to bulk up exposure to other Asian markets with less geopolitical risk. AIMCo officially opened its Singapore office on Tuesday. (The Canadian Press, The Logic)

Talking point: The new Singapore office was a long-planned decision that came after it chose the island nation over Hong Kong to host its Asian operations. In May, AIMCo appointed Kevin Bong, a former managing director of Singapore’s US$769-billion sovereign wealth fund (GIC), to lead its operations there as chief investment strategist. Siddall’s wariness of China comes as firms from the U.S. and elsewhere distance themselves from the country amid America-led investment restrictions that have heightened geopolitical tensions and soured China’s business climate. Siddall said AIMCo has “missed opportunities for sure” in Asian markets as it seeks new opportunities in the region.