The results for its balanced fund, posted on Wednesday, fall below the 5.6 per cent returns the Edmonton-based asset manager reported in the first six months of 2024. It’s also a drop from the 6.3 per cent annualized returns Alberta Investment Management Corporation has posted over the last four years. (The Logic)

Talking point: Lower returns come as AIMCo and other investors grapple with volatile capital markets. In an interview with The Globe and Mail, AIMCo chief investment officer Justin Lord said client funds are moving toward steadier assets like infrastructure to combat market uncertainty—a shift that could reduce immediate returns in favour of lower and longer-term payoffs. AIMCo now has $183 billion in assets under management, split evenly between private markets, public equities and fixed income assets like mortgages.