The Alberta Investment Management Corp. is appointing David Scudellari as senior executive managing director and head of international investment. In the new role, he’ll act as vice-chair of the AIMCo’s investment committee and will oversee several key investment functions, including international expansion, credit and private debt and management of key external relationships. Schudellari joins the AIMCo […]
The Ontario Teachers’ Pension Plan is providing an equity injection to help finance the acquisition of an automotive financing and insurance company. APCO Holdings, in which the pension fund holds a majority stake, is acquiring National Auto Care for an undisclosed sum. While a portion of the price tag was secured through third-party debt financing, APCO […]
The Alberta Investment Management Corp. has received a top grade in a survey of the environmental, social and governance integration and performance of signatories of the United Nations’ principles of responsible investing in 2021. The PRI, an organization founded by a group of institutional investment organizations, launched the pilot survey to track the ESG performance […]
An article on how Canada compares to other countries in terms of its vacation day offering was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada ranks 39 out of 43 countries for vacation day offering: report 2. Coke Canada expanding coverage for mental-health, family-building […]
The Alberta Investment Management Corp. is appointing Marlene Puffer as chief investment officer, effective Jan. 30, 2023. In the role, she’ll serve as head of both public and private investments, including responsibilities for economics and fund strategy, fixed income, infrastructure, public and private equity, private debt and loan, private mortgages and real estate. Read: AIMCo […]
The Alberta Investment Management Corp.’s total financed carbon dioxide emissions fell nine per cent in 2021, according to its annual climate disclosure. According to figures released by the investment organization, its portfolio financed the release of about 424,300 tonnes of carbon dioxide, down from about 466,300 tonnes the previous year. For each million dollars invested […]
Nine Canadian public sector pension plans are passively invested in companies with evidenced involvement in the persecution of Uyghurs in China, according to a new report by U.K. think tank Hong Kong Watch. The report includes three federal and six provincial pension investment organizations — among more than 30 global institutional investors — as passive investors […]
The Alberta Investment Management Corp. is opening a new Calgary satellite office as part of a strategy to better capture investment opportunities within its home province. “Our decision to establish a formal presence in Calgary provides AIMCo a truly pan-Alberta footprint from which to further drive efficiencies in Alberta-based investment opportunities, enabling us to continue […]
Six of the leading Canadian pension asset managers are sharing details of their energy transition strategies in a new report by the Investor Leadership Network. The report, which highlights the complexity of climate transition investing, received contributions from the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan […]
When Monika Mielnik joined Bell Canada as a temporary contractor, she was studying criminology and psychology and working towards joining the Royal Canadian Mounted Police. “I truly thought this was going to be an in and out experience . . . but as time progressed, I continued to excel and be empowered by many of […]