March 22, 2016 - 9:31 AM
EDMONTON - Alberta Investment Management Corp. says it had an overall rate of return of 9.1 per cent in 2015 and its main fund did even better.
The Edmonton-based fund manager says its balanced fund — holding the bulk of its assets — had a 10.1 per cent rate of return for 2015 and ended the year with $75.9 billion of assets.
AIMCo is an arms-length agency of the Alberta provincial government that was established in January 2008, primarily to manage long-term investments on behalf of 26 pensions and other clients in Alberta.
In total, AIMCo had $90.2 billion of assets under management as of Dec. 31, including $14.3 billion managed for government and specialty fund clients that want its expertise in short- and medium-term fixed income investments.
It said Tuesday that more detailed information will be available with AIMCo's annual report, to be released in June.
News from © The Canadian Press, 2016