Alberta Investment Management Corp. – Benefits Canada.com

AIMCo investing in Australian agriculture firm, CPPIB in cloud-based storage developer

Gideon Scanlon — Tue, 07 Sep 2021 17:00:16 +0000

The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]

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AIMCo appointing Evan Siddall as CEO

bwolfe — Fri, 16 Apr 2021 13:00:30 +0000

The Alberta Investment Management Corp. is appointing the former head of the Canada Mortgage and Housing Corp. as its next chief executive officer. The investment manager said Evan Siddall (pictured) will officially start the job on July 1. He’ll succeed Kevin Uebelein, who has been CEO of the AIMCo since Jan. 1, 2015. Uebelein remains the CEO until June 30 and […]

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Alberta Teachers’ Association planning legal challenge to pension order

mschmit — Mon, 01 Feb 2021 06:04:24 +0000

The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In a press release, the association said its provincial executive council voted unanimously this week to file a lawsuit, acting on legal advice that identified an avenue for a challenge to […]

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Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

mschmit — Thu, 21 Jan 2021 05:46:52 +0000

Alberta’s public-sector pension plans are reassuring members that their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]

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TC Energy decarbonization response to Keystone setback unlikely to sway ESG investors

mschmit — Tue, 19 Jan 2021 08:03:16 +0000

THE CANADIAN PRESS Sustainable investing experts say TC Energy Corp.’s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout. U.S. President-elect Joe Biden intends to sign an executive order on inauguration day to rescind the presidential permit for the […]

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Institutional investors share experiences with ESG investing

mschmit — Mon, 23 Nov 2020 04:42:35 +0000

Demand for defined benefit pension plan sponsors to focus on environmental, social and governance factors through their investments is growing. Both plan sponsors and members have been increasingly vocal about keeping ESG issues top of mind. For example, the Healthcare of Ontario Pension Plan has worked on balancing this increased appetite for ethical investing with […]

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Canadian pension plans sign new investor statement on diversity and inclusion

mschmit — Thu, 01 Oct 2020 04:32:33 +0000

Canadian institutional investors representing more than $2.3 trillion in assets under management have signed a new statement on diversity and inclusion. The list of signatories on the joint statement, which was coordinated by the Responsible Investment Association, includes the Alberta Investment Management Corp., Bâtirente, the British Columbia Investment Management Corp., the Caisse de dépôt et […]

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Mark Wiseman named AIMCO’s new board chair

mschmit — Mon, 22 Jun 2020 05:29:25 +0000

Mark Wiseman has been named as a director and the chair of the Alberta Investment Management Corp.’s board of directors, effective July 1, 2020. Wiseman will replace current chair Richard Bird, who will be completing his second three-year term on the AIMCo’s board. In order to ensure a smooth transition, Bird will be staying on […]

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LAPP downside protection strategy saves almost $1.9 billion

mschmit — Mon, 15 Jun 2020 10:59:37 +0000

The volatility caused by the coronavirus pandemic made the first quarter of 2020 rough for many Canadian defined benefit pension plans. In early June, the Local Authorities Pension Plan Corp., which is mandated to invest with the Alberta Investment Management Corp., said it began the year with $50.6 billion in assets under management and ended […]

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How are institutional investors weighing the risks, opportunities of the energy transition?

mschmit — Fri, 27 Mar 2020 03:21:57 +0000

If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]

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