EDMONTON, June 28, 2012 /CNW/ - Alberta Investment Management Corporation (AIMCo), one of Canada's largest investment management firms, today reported 8.7% gross rate of return on behalf of its balanced fund clients for its 2012 fiscal year end. AIMCo earned a 7.9% gross rate of return or $5.2 billion in value-added returns from a total fund perspective including a 4.7% gross rate of return from government funds.
"I am pleased to report that AIMCo earned a gross return of 8.7% for our balanced fund clients last year," said Leo de Bever, CEO, AIMCo. "This is a solid result in the face of unsettled markets. We continue to build the team and infrastructure necessary to earn better than market returns in the future."
For more information, please visit www.aimco.alberta.ca. AIMCo's current annual report will be available on its website at 12 noon MT, June 28, 2012.
Alberta Investment Management Corporation (AIMCo) is one of Canada's largest and most diversified institutional investment managers, with an investment portfolio of approximately $70 billion. AIMCo was established as a crown corporation on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo invests globally on behalf of 26 pension, endowment and government funds in the Province of Alberta. For more information about AIMCo, visit www.aimco.alberta.ca.
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