Advertisement

Alberta Investment Management Corp. reports a loss of 3.4 per cent for 2022

Alberta Investment Management Corp. CEO Evan Siddall in Calgary, Alta., Wednesday, Sept. 21, 2022. Alberta Investment Management Corp. reported a loss of 3.4 per cent for 2022 as it faced declines in both public equities and fixed-income markets last year. THE CANADIAN PRESS/Jeff McIntosh

Alberta Investment Management Corp. reported a loss of 3.4 per cent for 2022 as it faced declines in both public equities and fixed-income markets last year.

The fund manger responsible for the investments of pension, endowment and government funds in Alberta says the result was better than its composite benchmark, which posted a loss of 5.2 per cent for the year.

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Total client assets under management were $158 billion in 2022.

The loss for the year came as the fund’s money market and fixed-income investments lost 8.1 per cent, while its public equity investments fell 10.0 per cent.

The losses were offset by the fund’s real estate portfolio which returned 4.6 per cent, its infrastructure investments which gained 16.8 per cent and its renewable resource investments which returned 25.7 per cent for the year.

Story continues below advertisement

AIMCo’s private equity investments gained 0.5 per cent.

Sponsored content

AdChoices