Alberta Investment Management Corp. (AIMCo) has opened an office in London, its first outside of Canada.
The decision to establish a European presence is a direct response to its growing portfolio of investments in the region.
The office will be staffed by existing AIMCo employees from its 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 in Canada.
“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,” says Leo de Bever, AIMCo’s CEO.
AIMCo has approximately $8 billion invested in the United Kingdom and Europe, in both public and private markets.
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