The Alberta Investment Management Corp. says there has been declining support for shareholder proposals linked to environmental and social factors, while support has increased for governance proposals centred around shareholder rights, according to the investment organization’s latest stewardship report. It cited increased scrutiny of ESG issues as a factor in the decline and noted the AIMCO […]
The Alberta Investment Management Corp. is reporting a net return of 5.4 per cent for the first half of 2024. During the six-month period ending June 30, 2024, the AIMCo’s total assets under management were $168.9 billion. The investment organization’s balanced fund — a composite of client accounts that invest in money market and fixed income, […]
The Caisse de dépôt et placement du Québec is investing $35 million in a new energy transition fund from Quebec-based equity firm MacKinnon Bennett & Co. The investment is part of a larger $145 million commitment alongside the Canada Growth Fund, Investissement Québec and BDC Capital. The fund will target growth-stage businesses commercializing emission reduction […]
The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark. As of Dec. 31, 2023, the AIMCo’s total assets under management were $160.6 billion, compared to $158 billion in 2022. Its balanced fund generated a net return of eight per […]
The Canada Pension Plan Investment Board is joining an investment group acquiring Italian telecommunications provider NetCo. The investment organization will acquire a 17.5 per cent stake of the company for up to $2.9 billion. The deal, which also includes Kohlberg Kravis Roberts and Co. (a subsidiary of the Abu Dhabi Investment Authority), Italian infrastructure fund F2i […]
To mark Black History Month, the Alberta Investment Management Corp. is giving employees a chance to reflect on the history of groups dedicated to the challenges affecting Black professionals in the asset management industry. The investment organization hosted a fireside chat to raise awareness about the obstacles that Black professionals face and how individuals can get […]
The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company Shizen Energy Inc. The solar power plant generates 31 megawatts, or enough energy to power 7,850 homes, according to a press release. The Caisse first invested $186 million in the energy […]
Three of Canada’s largest pension plans are among the top 10 pension funds that generated the largest compound annualized returns between 2013 and 2022, according to a report by data platform Global SWF. The report, which measured the compound annual growth rate of pension funds’ single-year investment returns between fiscal 2013 and fiscal 2022, found […]
The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by the Globe and Mail. The new fund will specifically target industrial decarbonization, carbon capture, sustainable fuels, renewable energy production, electrification and energy storage and efficiency. However, the launch of the fund […]
The Alberta Investment Management Corp. is increasing its Australian agriculture portfolio with the acquisition of a cattle management company. The transaction will see the AIMCo and its local investment partner New Agriculture take over the Kimberley Cattle Portfolio, which includes Yougawalla Pastoral Co. and Argyle Cattle Co. Details of the transaction haven’t been disclosed. “We […]