
Pensions
AIMCo Political Takeover Flies in Face of Canadian Model
The Alberta Investment Management Co.’s costs were in line with other Canadian funds, but governance issues pose risks, pension experts say.
The performance raised the plans’ year-to-date return to 9.6%.
The median plan’s returns rebounded from weak gains in the second quarter and negative returns a year ago.
The Canadian pension fund previously owned a 61.4% stake in Iguá Saneamento.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
Priti Singh, the fund’s capital markets factor investing head, has been promoted to CRO, while Heather Tobin succeeds her.