Canadian pension fund manager Alberta Investment Management Corp (AIMCo) has opened an office in London, U.K., a strategic move that is intended to enhance its investment presence in Europe. The London office, which will be staffed by existing investment professionals managing private European portfolio assets, is AIMCo’s first outside of Canada. Managing over $70 billion in assets, AIMCo invests on behalf of 28 Alberta-based pension, endowment and government funds.
AIMCo Affirms Global Presence with London Office Opening
EDMONTON, Jan. 30, 2014 /CNW/ – Alberta Investment Management Corporation (AIMCo) is pleased to announce the official opening of its London, U.K. office, its first outside of Canada.
AIMCo is one of Canada’s largest institutional investment managers with assets under management of approximately $70 billion. The strategic decision to establish a European presence is a direct response to our growing portfolio of investments in the region. The office demonstrates AIMCo’s commitment to enhancing our oversight of current holdings and offering a platform to screen for further opportunities.
The office will be staffed by existing AIMCo employees from our Investment teams with a primary focus on the management of AIMCo’s Private European assets. The London team will also support and augment the origination and execution of new opportunities managed by AIMCo’s investment teams located back in Canada.
“Alberta Investment Management Corporation is a globally diversified investor with holdings in more than 50 countries and all asset classes, ” states Leo de Bever, Chief Executive Officer. “Our decision to establish a modest presence in London is driven by the efficiencies it affords us in our quest to deliver the best risk-adjusted rate of return on behalf of our Clients.”
AIMCo has approximately $8.0 billion invested in the United Kingdom and Europe, in both public and private markets. Recent U.K. investments include the acquisition of Vue Entertainment, and the redevelopment of BBC Television Centre with Stanhope and Mitsui Fudosan.
“AIMCo has a successful track record in identifying unique opportunities for our Clients and continues to do so as part of our overall Private Investments strategy,” adds Robert Mah, Executive Vice President, Private Investments. “Europe is a strategic market for us, and we see great potential for future growth of our portfolios.”
About Alberta Investment Management Corporation (AIMCo)
AIMCo is one of Canada’s largest and most diversified institutional investment managers with approximately CAD 70 billion of assets under management. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo operates independently from the Government of Alberta and invests globally on behalf of 28 pension, endowment and government funds in the Province of Alberta, including the Alberta Heritage Savings Trust Fund. For more information about AIMCo, visit www.aimco.alberta.ca.
SOURCE Alberta Investment Management Corp.
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