The company behind the $6.2-billion Coastal GasLink pipeline in British Columbia says it’s made a deal to sell a 65 per cent equity interest in the project. TC Energy Corp. says in a news release that it has entered into an agreement for the sale to KKR and Alberta Investment Management Corp., on behalf of […]
While the case for creating an Alberta Pension Plan looks straightforward on the surface, it’s far from a slam dunk, according to a memo published by the C.D. Howe Institute. In the memo responding to Alberta Premier Jason Kenney’s plan to consult on whether the province should withdraw from the Canada Pension Plan and start […]
The Alberta Investment Management Corporation has appointed Roger Renaud to its board of directors. Most recently, Renaud was president for Canada and global chief operating officer of Manulife Asset Management, where he oversaw the integration of Standard Life Investments into the firm. “As AIMCo continues to evolve as a global investor, it is important that […]
The Alberta Teachers’ Association and the Alberta Teachers’ Retirement Fund are calling on the province’s auditor general to examine the 2019 budget proposal that would put the pension’s investments under the control of the Alberta Investment Management Corp. In a letter to the auditor general, the ATRF said it would prefer to remain in control of its own investments. “Without […]
The former chief executive officer of the organization that would administer a separate Alberta pension plan says the proposed switch from the Canada Pension Plan doesn’t make much sense from an efficiency point of view. Leo de Bever, who retired from the Alberta Investment Management Corp. in 2015, says the threatened move by the Alberta government […]
The Alberta Teachers’ Retirement Fund Board will transfer all of its funds to the Alberta Investment Management Corp. for management, according to the province’s latest budget. The ATRF board, which administers pensions for all teachers in Alberta school jurisdictions and charter schools, said in a press release it was only made aware of the change […]
Proxy voting played a major role in the Alberta Investment Management Corp.’s responsible investment strategy during the past year, according to its newly released annual responsible investment report for 2018-19. During the 2018/19 proxy voting season the AIMCo reviewed and approved more than 30,000 ballot items and voted on 99 per cent of 3,324 meetings […]
The Alberta Teachers’ Retirement Fund Board will transfer all of its funds to the Alberta Investment Management Corp., according to the province’s latest budget. The ATRF board, which administers pensions for all teachers in Alberta school jurisdictions and charter schools, said in a press release it was only made aware of the change when the budget was released […]
What if institutional investors could turn their portfolio companies’ quarterly earnings calls into actionable data by analyzing their sentiment over time? The Alberta Investment Management Corp. is attempting to do just that, in partnership with Edmonton-based machine learning company AltaML Inc. Using a form of artificial intelligence called natural language processing, AltaML is analyzing the […]
The Alberta Investment Management Corp. is partnering with machine learning company AltaML Inc., to build artificial intelligence and machine learning applications for the investment management space. This joint venture will leverage the AIMCo’s expertise in investment management and AltaML’s technological and development capabilities. The partners are working on use cases, or mini projects, in both […]