Pensions plans whose assets are managed by AIMCo include the Local Authorities Pension Plan (LAPP), Public Service Pension Plan, Special Forces Pension Plan, Employment Pension Plans Act (EPPA), Public Service Pension Plan (PSPP), Management Employees Pension Plan (MEPP), Provincial Judges and Masters in Chambers Pension Plan (Registered) and Supplementary Retirement Plan for Provincial Judges and Masters in Chambers (Unregistered), and the Supplementary Retirement Plan for Public Service Managers. [citation needed], The Alberta Heritage Savings Trust Fund was created in 1976 by the Alberta Heritage Savings Trust Fund Act[40] with three objectives: "to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans. The AES Corporation (NYSE: AES) today (Nov 17) announced an agreement with Alberta Investment Management Corporation (AIMCo) to merge the sPower development platform, a leading independent solar developer in the US, with AES' US-based clean energy development business to accelerate the safe, reliable transition to cleaner energy solutions in the country. Structure. In 2016, AIMCo's Infrastructure Private Equity group became the second largest shareholder of Howard Energy Partners, acquiring a 28% stake from EnLink Midstream Partners, LP. "[1] Following the loss, the fund quickly changed their "volatility strategies". Construction began in summer of 2015 to develop homes, offices, hotels, retail and leisure facilities within this 13.7-acre area.[31]. Barclays Investment Bank and Citigroup served as co-financial advisors on this transaction. [citation needed], AIMCo is one of several "pooled investment portfolios" in Canada that allow for "client-controlled asset allocation for multiple public-sector pension plans and investment funds. In 2011 AIMCo divested its stake in Autopista Central to Abertis for about 1.5 billion. Alberta TSCM provide a thorough evaluation and survey of facilities such as offices, buildings, vehicles and yachts by technical specialists through visual, electronic and physical searches. Evercore Partners, a New York based investment bank served as financial advisor to AIMCo. By investing with both private funds and co-venture deals, AIMCo private equity focuses on business that generate stable free cash flow and are operated by strong management teams. The Alberta government proposed in its recent budget that management of the C$18 billion ($13.8 billion) Alberta Teachers' Retirement Fund, Edmonton, be shifted to Alberta Investment Management Corp. "[1] AIMCo invests $50-billion on behalf of LAPP’s 275,000 members, who include Alberta’s hospital workers and other current and retired government employees. In May 2019, AIMCo announced that it was acquiring an 85 per cent interest in the $1.15 billion 90-kilometre Northern Courier pipeline system owned by the Calgary-based TC Energy's—formerly known as TransCanada Corporation. Alberta Investment Management Corporation Shauna MacDonald Brookline Public Relations, Inc. P: +1-403-538-5645 C: +1-403-585-4570 smacdonald@brooklinepr.com. [11] representing a loss of 10.1%, according to their 2009 Annual Report. Following the addition of the Alberta Teachers' Retirement Fund (ATRF) assets under AIMCo's management through the November 2019 UCP budget Bill 22, the Reform of Agencies, Boards and Commissions and Government Enterprises Act—if passed—AIMCo would become the "investment manager of all public sector pensions". [18]:9 IBM's Robert "Jay" Vivian Jr. had become a member in 2014 along with Suncor's John Ferguson, and Enbridge's J. Richard Bird. Alberta Investment Management Corp Info: Size ($ in 1000's) At 09/30/2020: $9,242,911 … This is done in order to detect covert eavesdropping devices (also known as bugs) and identify security weaknesses. Your ATBSI team digs in to understand you and learn your investment goals, risk tolerance and timelines. Section 19 of the Act applies to the subsidiary corporation. [7][8] The change was made as part of the UCP's 2019 budget presented by Finance Minister, Travis Toews. AR 222/2013 s3 (2) Section 4 presently reads: 4(1) There shall be a board of directors consisting of not more than 11 members appointed by … [24] According to AIMCo's 2010/2011 Annual report, the Board of Directors meets six times every year with meetings scheduled one year in advanc[25]:39, AIMCo is headquartered in Edmonton, Alberta with additional offices in Toronto, Ontario, London, UK and Luxembourg. These asset classes make up 35% of AIMCo's AUM. By December 31, 2016 the number of employees has grown to 425, across the organization's Investment Management and Risk teams, Investment Operations, and Corporate Services. This transaction followed AIMCo's initial investment in August 2016 which allowed for the purchase of up to $500 million of Series B preferred units. The firm provides investment management services to pensions, endowments and government funds in the Province of Alberta. Also in 2016, an AIMCo led consortium of Ontario Municipal Employees Retirement System (OMERS), Ontario Teachers' Pension Plan (OTPP), and Wren House Infrastructure Management Limited (Wren House) acquired the London City Airport. [citation needed], AIMCo signed the United Nations Principles for Responsible Investment (PRI) in 2010. [1], When AIMCo was created on January 1, 2008, it had a staff of 137. Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, has agreed to acquire from Enel Green Power North America, Inc., the U.S. based renewables subsidiary of Enel S.p.A., a 49.0% equity interest in the 115 MW Riverview wind farm and in the 30.6 MW Phase 2 of Castle Rock Ridge wind farm. It would add the interest to the principal. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation (AIMCo) is a Sovereign Wealth Fund located in Edmonton, AB Canada, North America. Although the consortium of investors acquired a majority stake in Hayward, management will retain a minority stake for investor alignment purposes. Explanatory Notes 1 . [1] AIMCo is one of the world's largest institutional investors. [14]:3, According to their 2017 annual report, there was $103.7B assets under management (AUM), 9.3% total fund net investment return, $8.9B net investment income, 10.4% balanced funds net investment return, 3.7% government & specialty funds net investment return. [citation needed], AIMCo manages funds for a diverse group of Alberta public sector clients. It expects to internalize the management of an additional $8 billion of assets ($5 billion in equities and $3 billion in inflation sensitive). AIMCo seeks to maximize risk-adjusted returns by integrating environmental, social and governance (ESG)) factors into investment analysis across all asset classes. [4] Prior to becoming a Crown corporation in 2008, the corporation's assets were managed by a division of Alberta Finance.[5]. ... respecting the application of this Act and the regulations to subsidiaries of the Corporation; This is a key feature of its operating philosophy. AIMCo was advised by Goldman Sachs under a consortium of underwriter defendants. 2 Section 6(1) of the Alberta Investment Management Corporation Regulation “is amended by striking out the appointment of any individual to the board” and substituting “the appointment of any individual to the board by the Lieutenant Governor in Council”. [35] This major rolling stock leasing UK company owns and manages a fleet of approximately 5,900 railway vehicles. [32][33] AIMCo also entered into a strategic financing agreement with D.E. Edmonton, Alberta (February 7, 2018) – Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, is pleased to announce that it has entered into a partnership with Enel Green Power North America, Inc. (EGPNA), the U.S.-based renewables subsidiary of Enel S.p.A. (Enel), for the operations of two renewable energy projects located in Pincher Creek, Alberta. Alberta Investment Management Corporation - AIMCo: A government-owned investment-management corporation headquartered in Edmonton, Alberta. To date, over $33 billion has been made available to fund Albertans' priorities, such as health care, education, infrastructure and social programs. Following the addition of the Alberta Teachers' Retirement Fund (ATRF) assets under AIMCo's management through the November 2019 UCP budget Bill 22, the Reform of Agencies, Boards and Commissions and Government Enterprises Act—if passed—AIMCo would become the "investment manager of all public sector pensions". Description Alberta Investment Management is an institutional investment fund managers established as a Crown corporation in 2008 based in Edmonton, Canada. Engagements are identified through ESG focus areas approved by AIMCo's Responsible Investment Committee. The majority of AIMCo's assets under management come from Alberta public sector pension plans and provincial endowment funds. [19], In 2018 board members included J. Richard Bird as chair, Phyllis Clark, Helen Kearns, Ken Kroner, Jim Prieur, Tom Woods, Sharon Sallows, and Robert Vivian Jr.[18]:44 Talisman Energy's Jackie Sheppard was the newest member, replacing Harold Roozen, who served from 2011 until 2018 when he retired. ISTC: International Safety Training College. [8], Investment performance highlights as of December 31, 2012 there was $1.6B gross of fees value added, $6.9 B gross investment income, $68.6B assets under management (AUM), 10.8% total AIMCo gross investment return, 12.6% balanced funds gross investment return, and 3.1% government funds gross investment return. [39] AIMCo is increasing internal investments in people and technology to achieve greater cost-efficiencies over the next three years. Alberta Investment Management Corporation (AIMCo) is one of Canada's "largest and most diversified institutional investment fund managers"[2] with an investment portfolio of approximately $119 billion"[2] assets under management (AUM) by 2020, focusing on private equity, public equity, fixed income and private debt. AIMCo's approach to Responsible Investment is governed by its fiduciary duty to clients and a long-term investment horizon. [29] Through significant operational excellence, and eventual monetization, the private equity investment captured significant value add as it saw a positive ROI. Form 603 - Notice of initial substantial holder - Alberta Investment Management Corp.(AIMCo) and its subsidiaries read more To view all of our ASX announcements, please visit our company page on the Australian Securities Exchange here . IntroductIon In 2007, the Alberta Investment Management Corporation Act1 was passed creating a board-governed provincial corporation that would manage approximately $65 billion in government assets and public pension plan assets. [22], AIMCo was established as a crown corporation by the Province of Alberta to provide independent, arms length investment management services to designated pension funds and provincial public sector bodies and funds, with strong accountability for its investment decisions. 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