Assets of the Alberta Investment Management Corp. reached C$210.7 billion, with big moves in Cenovus, Enbridge, Nvidia and American index ETFs.
Private market returns have come down off the highs, but institutional investors are keeping the faith.
Despite US constraints and pandemic headwinds, odds are they’ll spring back to their old growth level, analysts say.
Their overseas exposure is expanding, while US funds stay mostly at home.
The Canadian allocators are deepening commitments into the firm just as it’s expanding its 5G rollout capabilities in the US and UK.
Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.