The Alberta Investment Management Corp. is reporting a total fund net investment return of 12.3 per cent, roughly 1.5 per cent below its 13.8 per cent benchmark return.
As at Dec. 31, 2024, its total assets under management were $179.6 billion, compared to $160.6 billion at the end of 2023. The investment organization’s balanced fund returned 12.6 per cent, 0.8 per cent below the benchmark return of 13.4 per cent.
Read: AIMCo returns 6.9% in 2023, driven by equities, fixed income
The AIMCo’s annualized long-term results were 7.8 per cent over a four-year period and 7.4 per cent over a ten-year period, representing $35 billion and $70.4 billion, respectively.
Public equities returned 24.7 per cent, while the AIMCo’s money market and fixed income portfolio returned 4.6 per cent, which includes gains in mortgages (6.4 per cent) and private debt and loans (8.7 per cent).
The AIMCo also reported gains in infrastructure (12 per cent) and private equity (11.8 per cent), while real estate returned negative two per cent.
“This progress is a testament to the team’s ability to evaluate and seize opportunities, while skillfully navigating the volatile global investment landscape,” said Ray Gilmour, the AIMCo’s interim chief executive officer, in a press release.
Read: AIMCo returns 5.4% in first half of 2024, driven by public equities
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