Alberta Investment Management Corp. says it posted a return of 14.7 percent last year, making it its strongest year on record.
The result easily surpassed the investment manager’s benchmark of 8.0 percent for the year to bring clients’ total assets under management to $168.3 billion at the end of 2021.
AIMCo invests in Alberta on behalf of 32 pension, equity and government funds.
The money manager’s public equity investments were up 23.4 percent in 2021 and private equity investments were up 65.9 percent, while money market and fixed-income investments lost 1.1 percent.
The fund’s real estate investments were up 19.0 percent and infrastructure investments were up 19.0 percent. Investments in renewable resources yielded 15.0 percent.
AIMCo says its total annualized fund return over four and ten years is 7.4 percent and 8.6 percent, respectively.
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