The Alberta public pension fund’s investments lost 6.8 per cent totalling $9.8 billion in the first six months of 2022, down 14.7 per cent from the same period last year. The results were slightly better than the benchmark portfolio against which it measures its performance. It ended the quarter with $136.6 billion in assets. (The Logic)

Talking point: The results are in line with those of other large Canadian pension fund managers CPP Investments and Caisse de dépôt et placement du Québec, which reported similar losses, though Ontario Teachers’ Pension Plan managed to clinch a positive return of 1.2 per cent on its investments for the quarter. The pension funds are all performing better than the general markets, with the S&P 500 having lost 20.6 per cent in the first half of the year. “Our focus is, as always, on the long term to help our clients secure a better financial future for the Albertans they serve,” said AIMCo co-chief investment officer Sandra Lau in a statement. She attributed the fund’s positive four- and 10-year returns of 4.8 per cent and 7.4 per cent, respectively, to its diversified portfolio.