The Investment Management Corp. of Ontario is allocating 20 per cent of its portfolio to climate solutions by 2030, aiming to reduce its carbon emissions by 50 per cent compared to 2019, according to a new report by the investment organization. In a press release, Rossitsa Stoyanova, the IMCO’s chief investment officer, said the investment […]
The Alberta Investment Management Corp. is opening its first Asian office, but the Edmonton-based investment organization says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening of the AIMCo’s new Singapore office marks the first foray into the Asia-Pacific region for one of Canada’s largest institutional investors, with $158 billion of assets under management as of 2022. Evan Siddall, chief executive officer of the AIMCo, […]
The Alberta Investment Management Corp. is reporting a net return of 4.5 per cent for the six-month period ending June 30, 2023. At the halfway point of the year, the AIMCo reported $6.1 billion in net investment income with a 5.2 per cent net investment return for its balanced fund, according to a press release. Read: How AIMCo, […]
The Canada Pension Plan Investment Board is investing US$30 million in reforestation efforts in Brazil’s Amazon region through a private venture partnership. The Amazon Reforestation Fund, managed by Mombak Gestora de Recursos, will also receive an equity transfer of US$500,000 from the CPPIB. It’s the first time the CPPIB is investing in Brazilian reforestation. In […]
A group that includes the Investment Management Corp. of Ontario, the Public Sector Pension Investment Board and private investment firm Sandbrook Capital is acquiring a German renewable energy company that specializes in acquiring and repowering onshore wind farms. As part of the transaction, the IMCO, PSP Investments and Sandbrook will commit up to US$750 million […]
“Everyone on stage agrees on one thing — [environmental, social and governance] integration is just smart,” said moderator Francisca Quinn, co-founder and president of Quinn and Partners Inc., during a panel at the 2023 Responsible Investment Association conference last week. She was joined by representatives of two Canadian public sector investment organizations with very different […]
The Alberta Investment Management Corp. is appointing Kevin Bong as chief investment strategist and head of Singapore, effective Aug. 14. In the new role, he’ll be responsible for setting the investment organization’s overall investment strategy, including total portfolio management, dynamic and tactical allocation, currency and cash management, with a focus on geographic diversification and thematic […]
A renewable energy company owned by the Investment Management Corp. of Ontario is securing a £175 million credit facility. Pulse Clean Energy, which was formerly known as Green Frog Power, will use the three-year facility to fund the expansion of its battery storage capacity in the U.K. The battery storage facilities are used to store […]
The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]
The Alberta Investment Management Corp.’s chief human resources officer discusses the evolving employee life cycle, autonomous working and competitive weightlifting. Q: What top challenges do you face in your role? A: The talent environment is complex right now. There’s an increase in retirements and workers are more transient than before. To ensure we’re rebuilding for […]