Canadian 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.
HONG KONG - Canadian pension fund manager Alberta Investment Management Corporation said on Tuesday it was expanding into Asia and opening its first regional office in Singapore.
Kevin Bong, a former managing director at Singaporean sovereign wealth fund GIC, will head the Asia Pacific office, the fund manager said. AIMCo is the latest global asset manager to set up an office, or expand their team, in Singapore as financial firms seek alternative bases to China amid rising geopolitical tensions and China's own faltering economic growth.
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