Alberta fund sees promise in Poloz-led discussions on domestic investment, chief investment officer says
posted an overall return of 6.9 per cent in 2023, despite challenges in its real estate portfolio. The asset manager , which invests on behalf of pension, endowment, insurance, and government clients in Alberta, ended the year with $160.6 billion in assets under management .
AIMCo’s real estate holdings are primarily located in Canada and the United States, with some in Europe and the United Kingdom. At the end of fiscal 2022, the office segment accounted for 21.3 per cent of the portfolio, with updated figures expected to be published this June.has been selected to lead a working group created to help the federal government identify domestic investment opportunities for pension funds in Canada.
The budget specifically mentioned airports, an infrastructure asset Canada’s largest pension managers have coveted for years. The Liberal government studied the potential of multi-billion-dollar privatizations in 2017, but the idea was ultimately shelved. Puffer said it’s too early to say whether a major Canadian airport will be put on the block.
Client mandates dictate to some degree how much and how quickly portfolios can be adjusted in response to market and macro-economic conditions, Puffer said, as do some asset classes such as infrastructure, which tend to be long-term holdings. If You’d Invested $5,000 in Brookfield Renewable Partners Stock in 2023, This Is How Much You Would Have TodayRed Lobster is seeking advice from a law firm on whether to file for Chapter 11 bankruptcy following a difficult few years for the chain.Telus stock is down 37% in two years and is trading near its pandemic low, making investors wonder how low it can go. The post Telus Stock Is Down to its Pandemic Low of Below $22: How Low Can it Go? appeared first on The Motley Fool Canada.
Marlene Puffer Asset Manager Private Equity Portfolio Chief Investment Officer Canada Assets Under Management Puffer Government Clients
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