AIMCo Posts 8.0% Return in 2023
The Canadian Press reports AIMCo's balanced fund earned 8.0% in 2023, falls short of benchmark: Alberta Investment Management Corp. says its balanced fund earned a net return of 8.0 per cent for 2023, short of its benchmark return of 9.3 per cent. The investment manager says its public equity investments earned 15.8 per cent, while its fixed income holdings earned 7.7 per cent. The firm's private equity portfolio generated a return of 6.7 per cent, while infrastructure investments earned 3.8 per cent and its renewable resources portfolio returned 1.6 per cent. AIMCo's real estate portfolio lost 8.4 per cent, while mortgages earned 4.5 per cent and private debt and loan holdings returned 9.6 per cent. In 2023, AIMCo's total fund returned 6.9 per cent compared to a benchmark return of 8.7 per cent. AIMCo, which had $160.6 billion in assets under management at the end of 2023, invests on behalf of pension, endowment, insurance, and government clients