Evan Siddall, the former chief executive officer of the Alberta Investment Management Corp., has been appointed vice-chair capital markets division at the Bank of Montreal, according to a report by the Financial Post. It noted Siddall will guide the bank’s industry coverage teams across geographies in an advisory capacity. Read: Leadership changes at the AIMCo […]
The Canada Pension Plan Investment Board is appointing Kevin Bong as managing director and head of portfolio design and construction, effective immediately. In the role, he’ll focus on portfolio design, optimization and construction as well as systemic risk factor modelling and sustainable investing integration. Read: CPPIB appointing Ben Meng as managing director, head of investment […]
The Alberta Investment Management Corp. is appointing Justin Lord as chief investment officer, effective immediately. Lord has been at the AIMCo since 2012 where he has experience overseeing public equities and fixed income teams. Most recently, he was promoted to senior executive managing director and global head of public markets following the departure of Marlene […]
Alberta’s Public Service Pension Plan is reporting a 14.8 per cent investment return in 2024, pushing its assets under management to $21 billion as at the end of the year. Over a four-year period, the plan’s portfolio returned 8.5 per cent. However, it underperformed its benchmark by 0.3 per cent in 2024, primarily driven by […]
The Alberta Investment Management Corp. is preventing its staff from travelling to the U.S. for non-essential business trips, according to a report by Bloomberg. The report noted AIMCo employees can still travel to the U.S. for board and investor meetings but conferences or speaking events aren’t allowed anymore. When asked by Benefits Canada to confirm […]
Increased investment volatility could trigger additional questions on the decisions of Canadian pension funds as governance reviews come into focus, says Level Chan, a partner in the pensions practice at Stewart McKelvey. “Where there’s greater volatility, we could expect that triggering more questions about how pension plans are weathering the storm.” When responding to additional […]
An advocacy group is calling on Canada’s public pension managers to use their financial heft to more publicly work to reduce climate change as political efforts become less reliable. In a new report, Shift Action for Pension Wealth and Planet Health says Canada’s big pension funds need to recognize the power and influence they wield and to […]
The Alberta Investment Management Corp. has laid off 19 employees and cut their positions, including the role of running its diversity, equity and inclusion program. An AIMCo spokesperson said in an email Tuesday that despite the job cuts, the company remains committed to an equitable and inclusive workplace. Read: Alberta government fires AIMCo CEO, board, […]
Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corp. The move comes almost two weeks after the province’s finance minister fired the Crown agency’s entire board, along with a number of executives, citing ballooning costs and substandard returns. Read: Leadership changes at the AIMCo could impact credibility, independence: expert Premier […]
The Alberta Investment Management Corp. says there has been declining support for shareholder proposals linked to environmental and social factors, while support has increased for governance proposals centred around shareholder rights, according to the investment organization’s latest stewardship report. It cited increased scrutiny of ESG issues as a factor in the decline and noted the AIMCO […]