Engaging with companies to effect positive change when possible and collaborate with like-minded investors to influence corporate behavior, rather than divesting of applicable holdings; an approach called "voice over exit". Disclosing its Responsible Investment policies, guiding documents, activities and proxy voting record on its, Local Authorities Pension Plan (LAPP) On March 1, 2019, LAPP's primary oversight role was transferred from Alberta's Minister of Finance to the newly established LAPP Corporation, which under Canadian law, made the LAPP corporation the. The Infrastructure and Timberland assets are held to provide inflation hedging and a long-term duration match with client obligations. Alberta has a diverse economy, the lowest taxation system in Canada, low energy costs, low costs of running … Pensions plans whose assets are managed by AIMCo include the $50-billion As of 2020[update] on behalf of Local Authorities Pension Plan (LAPP)'s 275,000 members which includes "Alberta's hospital workers and other current and retired government employees,"[1] Special Forces Pension Plan, Employment Pension Plans Act (EPPA), Public Service Pension Plan (PSPP), Management Employees Pension Plan (MEPP), Provincial Judges and Masters in Chambers Pension Plan (Registered) and Supplementary Retirement Plan for Provincial Judges and Masters in Chambers (Unregistered), and the Supplementary Retirement Plan for Public Service Managers. Bill 22 was an omnibus bill that amended, repealed or enacted numerous acts and included the transferring of the Alberta Teachers' Retirement Fund and funds invested by the Workers Compensation Board to the Alberta Investment Management Corporation, dissolving the Office of the Election Commissioner and the Alberta Historical Resources Foundation, repealing the Alberta Sport … AR 222/2013 s3 In Canada, Crown corporations within either the federal or provincial spheres are owned by the monarch as the institution's sole legal shareholder.This follows the legal premise that the monarch, as the personification of Canada, owns all state property. [6] By 2015 AIMCo was managing four endowment funds, seven pension plans, nine government funds, eight specialty funds, and style other balanced funds. AIMCo alongside long-term infrastructure investors Allianz Capital Partners (ACP) and Hastings Fund Management (Hastings) purchased Porterbrook Rail Finance Limited (Porterbook) for an undisclosed amount. The Alberta government proposed in its recent budget that management of the C$18 billion ($13.8 billion) Alberta Teachers' Retirement Fund, Edmonton, be shifted to Alberta Investment Management Corp. Current Assets for AIMCo is $86,289,300,000 and SWFI has 15 periods of historical assets, 5 subsidiaries, 2,241 transactions, 4 Opportunities/RFPs, 132 personal contacts available for CSV Export. The long term Real Estate assets are the core strategy direct investments in office, retail, industrial and multi-unit residential properties located in major Canadian Centres. Our mission to help keep you safe has never meant more. In 2017, AIMCo, in partnership with MSD Capital and CCMP Capital acquired Hayward Industries in 2017. Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, has agreed to acquire from Enel Green Power North America, Inc., the U.S. based renewables subsidiary of Enel S.p.A., a 49.0% equity interest in the 115 MW Riverview wind farm and in the 30.6 MW Phase 2 of Castle Rock Ridge wind farm. 08:00 – 17:30 Through funds like these "Canada is emerging as a world-wide leader in successfully adapting the advantages of large funds to the public sector." Aviation Fleet Services India Management Company Limited : Cyprus: BCC Aruba Leasing A.V.V. Provincial Judges and Masters in Chambers Pension Plan (Registered) and Supplementary Retirement Plan for Provincial Judges and Masters in Chambers (Unregistered); Supplementary Retirement Plan for Public Service Managers, This page was last edited on 4 December 2020, at 04:32. It is a wholly-owned subsidiary of Yattendon Group, a private company owned by the Iliffe family of Berkshire, England.The Yattendon Group’s four principle operating businesses are local media, agriculture, property, and marine leisure. [citation needed], The Alberta Heritage Savings Trust Fund was created in 1976 by the Alberta Heritage Savings Trust Fund Act[40] with three objectives: "to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans. (a) “Act” means the Alberta Investment Management Corporation Act; (b) “chair” means the chair of the board; (c) “senior publicly traded issuer” means a publicly traded issuer that has or had a market capitalization of at least $75 000 000. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation (AIMCo) is a Sovereign Wealth Fund located in Edmonton, AB Canada, North America. Bank of America and Houlihan Lokey served as financial advisors on this transaction while Morgan Stanley, Jefferies LLC, and Nomura Group provided financing for the deal. Although the consortium of investors acquired a majority stake in Hayward, management will retain a minority stake for investor alignment purposes. Engagements are identified through ESG focus areas approved by AIMCo's Responsible Investment Committee. The Alberta Investment Management Corp. (AIMCo) is acquiring a 50% interest in Inversiones Grupo Saesa Limitada, an electrical transmission and distribution company in Chile. This is a key feature of its operating philosophy. [8], AIMCo lost over $4-billion in the 2020 stock market crash through a "volatility-based investment strategy", in what was called a "blunder" by the New-York based trade publication Institutional Investor,[9] "that follows pension funds". [24] According to AIMCo's 2010/2011 Annual report, the Board of Directors meets six times every year with meetings scheduled one year in advanc[25]:39, AIMCo is headquartered in Edmonton, Alberta with additional offices in Toronto, Ontario, London, UK and Luxembourg. Section 19 of the Act applies to the subsidiary corporation. Alberta Investment Management Corporation. [19], In 2018 board members included J. Richard Bird as chair, Phyllis Clark, Helen Kearns, Ken Kroner, Jim Prieur, Tom Woods, Sharon Sallows, and Robert Vivian Jr.[18]:44 Talisman Energy's Jackie Sheppard was the newest member, replacing Harold Roozen, who served from 2011 until 2018 when he retired. ISTC was founded in 2000 and registered as a college in 2012. [39] AIMCo is increasing internal investments in people and technology to achieve greater cost-efficiencies over the next three years. Alberta Investment Management Corporation (AIMCo) is one of Canada's "largest and most diversified institutional investment fund managers"[2] with an investment portfolio of approximately $119 billion"[2] assets under management (AUM) by 2020, focusing on private equity, public equity, fixed income and private debt. September 05, 2018- Learn why Alberta, Canada is one of the most competitive places to establish a business or invest in a business in North America. [1], When AIMCo was created on January 1, 2008, it had a staff of 137. Through pooled asset management, these entities achieve sufficient scale to produce significant cost savings through internal investment management and access to alternative asset classes." [38], AIMCo lost much more than "comparable funds" during the coronavirus recession by "investing in contracts that pay off only if stock markets remain stable". ... respecting the application of this Act and the regulations to subsidiaries of the Corporation; Section 7 AR 225/2007 6 ALBERTA INVESTMENT MANAGEMENT CORPORATION REGULATION (2) The Corporation may provide advisory or other shared services to the subsidiary corporation. [36][38] FRB is produced through a Froth treatment method. [36] In a November 4 BNN Bloomberg interview with Amanda Lang, Uebelein said that the purchase was a fit for AIMCo. [18]:9 IBM's Robert "Jay" Vivian Jr. had become a member in 2014 along with Suncor's John Ferguson, and Enbridge's J. Richard Bird. Aimco or Apartment Investment and Management Company is a publicly traded real estate investment trust.As of December 31, 2019, the company owned 124 apartment communities comprising 32,839 apartment units primarily in Atlanta, the San Francisco Bay Area, Boston, Chicago, Denver, the Washington metropolitan area, Los Angeles, Miami, New York City, Philadelphia, San Diego, and … Alberta Group Westminster Management Corporation (WMC) is a private Canadian real estate company. [12] By November 2019, Minister Toews said that the AUM was $102.8 billion. (2) Section 4 presently reads: 4(1) There shall be a board of directors consisting of not more than 11 members appointed by … The college currently operates two leading centres in Malta and Libya, which provide consultancy and training to the highest professional standards in firefighting, emergency response, disaster management, offshore and marine survival, fire safety, health and safety, as well as first aid. [citation needed], Illiquid Investments, which constitute 22% of AUM, include long-term holdings in Real Estate, Infrastructure and Timberland. 4 | AlbertA Investment mAnAgement CorporAtIon: An exAmInAtIon of A CorporAtIzAtIon projeCt 1. These are "arm's-length investment management entities with sufficient scale, independent boards and internal investment management, remunerated at rates competitive with the private sector. Alberta Investment Management Corporation Shauna MacDonald Brookline Public Relations, Inc. P: +1-403-538-5645 C: +1-403-585-4570 smacdonald@brooklinepr.com. AIMCo provides investment management services in accordance with the Alberta Investment Management Corporations Act, primarily to the Province of … Barclays Investment Bank and Citigroup served as co-financial advisors on this transaction. Edmonton-based Alberta Teachers’ Retirement Fund Board (ATRF) has around CAD$ 18 billion of net assets under management and could fall under the purview of the Alberta Investment Management Corporation. [17]:4, In June 2020, Mark Wiseman was named the new chair of AIMCO. [20] Kevin Uebelein was first named as AIMCo CEO to replace outgoing chairman Charles Baillie in 2014. Shaw & Co., a $40 billion New York-based hedge fund where it will provide $500 million in capital to pursue renewable energy investments globally. [citation needed], Equity holdings, which contain both public and private equity, total to 43% (2015) of AUM. [23] According to the Alberta Investment Management Corporation Regulation board members must have demonstrable expertise in areas such as "investment management, finance, accounting or law" or have held senior executive positions. [8][7], The Government funds managed by AIMCo are used for Albertan services such as health care, education, infrastructure and social programs. [18]:5, By December 31, 2019 of the total $103.7B, $88.2 B was in balanced funds and $15.5 B was in government and specialty funds. [17]:55, According to the 2018 Canadian Responsible Investment Trends Report, recognised the progress of major Canadian investors like the Alberta Investment Management Corporation, Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan that are firmly involved in responsible investing as they acknowledge that "sustainability equals profitability."[27][28]. Alberta Investment Management Corporation - AIMCo: A government-owned investment-management corporation headquartered in Edmonton, Alberta. AIMCo, in combination with the Virginia Retirement System successfully recovered $204.5 million after co-leading the class action securities litigation against MF Global, a now defunct broker dealer. The net result is a projected savings of $45 million in operating costs every year, starting in 2012. Dale Mac Master. Dale Mac Master Chief Investment Officer Alberta Investment Management corporation … [42] AIMCo works closely with Alberta Treasury Board and Finance to set long-term objectives for the Heritage Fund and implements these objectives through investments in a globally diversified mix of bonds, public and private equities, hedge funds, real estate and other real asset investments, such as infrastructure and timberland. [9], AIMCo made two loans worth a total of $45 million to Razor Energy, an oil and gas company that paid out dividends to its shareholders with the loan. "[1] Following the loss, the fund quickly changed their "volatility strategies". PT Matic Environmental Services Ltd (PTM) was established in 1995. The public equity portfolio maintains exposure to a diversifying set of common style factors, as well as stock selection and other idiosyncratic risk. 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