30 January 2014

AIMCo Officially Opens Office in London, UK

Edmonton – 30 January 2014 - Alberta Investment Management Corporation (AIMCo) has officially opened its London, U.K. office, its first outside of Canada. The office will be staffed by existing AIMCo employees from its Investment teams with a primary focus on the management of AIMCo's Private European assets. The London team will also support and augment the origination and execution of new opportunities managed by AIMCo's investment teams located back in Canada. AIMCo is one of Canada's largest institutional investment managers with assets under management of approximately $70 billion. 

"Alberta Investment Management Corporation is a globally diversified investor with holdings in more than 50 countries and all asset classes," states Leo de Bever, Chief Executive Officer. "Our decision to establish a modest presence in London is driven by the efficiencies it affords us in our quest to deliver the best risk-adjusted rate of return on behalf of our Clients."

AIMCo has approximately $8.0 billion invested in the United Kingdom and Europe, in both public and private markets. Recent U.K. investments include the acquisition of Vue Entertainment, and the redevelopment of BBC Television Centre with Stanhope and Mitsui Fudosan.

"Europe is a strategic market for us, and we see great potential for future growth of our portfolios," adds Robert Mah, Executive Vice President, Private Investments. 

AIMCo is one of Canada's largest and most diversified institutional investment managers with approximately CAD 70 billion of assets under management. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo operates independently from the Government of Alberta and invests globally on behalf of 28 pension, endowment and government funds in the Province of Alberta, including the Alberta Heritage Savings Trust Fund. 

Source: Alberta Investment Management Corp.