EDMONTON, Jan. 30, 2014 /CNW/ - Alberta Investment Management
Corporation (AIMCo) is pleased to announce the official opening of its
London, U.K. office, its first outside of Canada.
AIMCo is one of Canada's largest institutional investment managers with
assets under management of approximately $70 billion. The strategic
decision to establish a European presence is a direct response to our
growing portfolio of investments in the region. The office demonstrates
AIMCo's commitment to enhancing our oversight of current holdings and
offering a platform to screen for further opportunities.
The office will be staffed by existing AIMCo employees from our
Investment teams with a primary focus on the management of AIMCo's
Private European assets. The London team will also support and
augment the origination and execution of new opportunities managed by
AIMCo's investment teams located back in Canada.
"Alberta Investment Management Corporation is a globally diversified
investor with holdings in more than 50 countries and all asset classes,
" states Leo de Bever, Chief Executive Officer. "Our decision to
establish a modest presence in London is driven by the efficiencies it
affords us in our quest to deliver the best risk-adjusted rate of
return on behalf of our Clients."
AIMCo has approximately $8.0 billion invested in the United Kingdom and
Europe, in both public and private markets. Recent U.K. investments
include the acquisition of Vue Entertainment, and the redevelopment of
BBC Television Centre with Stanhope and Mitsui Fudosan.
"AIMCo has a successful track record in identifying unique opportunities
for our Clients and continues to do so as part of our overall Private
Investments strategy," adds Robert Mah, Executive Vice President,
Private Investments. "Europe is a strategic market for us, and we see
great potential for future growth of our portfolios."
About Alberta Investment Management Corporation (AIMCo)
AIMCo is one of Canada's largest and most diversified institutional
investment managers with approximately CAD 70 billion of assets under
management. AIMCo was established on January 1, 2008 with a mandate to
provide superior long-term investment results for its clients. AIMCo
operates independently from the Government of Alberta and invests
globally on behalf of 28 pension, endowment and government funds in the
Province of Alberta, including the Alberta Heritage Savings Trust Fund.
For more information about AIMCo, visit www.aimco.alberta.ca.
Image with caption: "Alberta Investment Management Corp. (CNW Group/Alberta Investment Management Corp.)". Image available at: http://photos.newswire.ca/images/download/20140130_C5852_PHOTO_EN_36031.jpg
SOURCE: Alberta Investment Management Corp.
For further information:
Manager, Corporate Communication