In a statement, the Alberta pension fund’s CEO Evan Siddall attributed the negative returns to “unprecedented declines” in both equities and fixed-income investments as inflation and rising interest rates roiled markets over the year. AIMCo’s total assets under management now stand at $158 billion, down about $10 billion from a year earlier. (The Logic)
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In a statement, the Alberta pension fund’s CEO Evan Siddall attributed the negative returns to “unprecedented declines” in both equities and fixed-income investments as inflation and rising interest rates roiled markets over the year. AIMCo’s total assets under management now stand at $158 billion, down about $10 billion from a year earlier. (The Logic)
Talking point: The 2022 losses mark a setback for AIMCo after it posted a record-high 14.7 per cent return in 2021. It also comes just weeks after former BlackRock executive and Canada Pension Plan Investment Board head Mark Wiseman announced he was stepping down from AIMCo following his three-year tenure with the fund. AIMCo still outperformed its own internal targets by 1.8 per cent in 2022 despite the 3.4 per cent loss, and posted sizeable returns in infrastructure (16.8 per cent), renewable energy (25.7 per cent) and real estate (4.6 per cent).
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