Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.
The official opening Tuesday of AIMCo's new Singapore office marks the first foray into the Asia-Pacific region for what is one of Canada's largest institutional investors, with $158 billion of assets under management as of 2022.
But Siddall said Asia is important, as many countries there have economic growth that's outstripping that of the U.S and Europe. AIMCo is lagging behind many other Canadian institutional investors when it comes to establishing a foothold in Asia. A report by the Asia Pacific Foundation of Canada found that between 2003 and 2017, Canadian pension funds invested $25 billion in the region.
According to a Reuters report earlier this month, the Canada Pension Plan Investment Board has laid off at least five employees at its Hong Kong office as it steps back from deals in China.
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AIMCo opens first Asia office in Singapore, remains leery of ChinaCALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening Tuesday of AIMCo's new Singapore office marks the first foray into the Asia-Pacific region for what is one of Canada's largest institutional investors, with $158 billion of assets under management as of 2022. CEO Evan Siddall said AIMCo, which invests on beh
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AIMCo opens first Asia office in Singapore, remains leery of ChinaCALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.
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AIMCo opens first Asia office in Singapore, remains leery of ChinaAlberta Investment Management (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.
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AIMCo opens first Asia office in Singapore, remains leery of ChinaAlberta Investment Management Corp. (AIMCo) is opening its first Asian office, but will steer well clear of China. Find out more.
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AIMCo opens first Asia office in Singapore, remains leery of ChinaAlberta Investment Management Corp. (AIMCo) is opening its first Asian office, but will steer well clear of China. Find out more.
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Canada's AIMCo to open its first Asia office in SingaporeCanadian pension fund manager Alberta Investment Management Corporation (AIMCo) said on Tuesday it was expanding into Asia and opening its first regional office in Singapore. The fund manager, which manages $158 billion in assets, invests globally on behalf of 17 pension, endowment and government funds in the Canadian province of Alberta. Kevin Bong, a former managing director at Singaporean sovereign wealth fund GIC, will head the Asia Pacific office, the fund manager said.
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