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alberta investment management corporation subsidiaries

December 29, 2020

2 Section 6(1) of the Alberta Investment Management Corporation Regulation “is amended by striking out the appointment of any individual to the board” and substituting “the appointment of any individual to the board by the Lieutenant Governor in Council”. Investing in Real Estate since 1925. Alberta Investment Management Corp Info: Size ($ in 1000's) At 09/30/2020: $9,242,911 … Triq San Gwakkin, Zone 3, In May 2019, AIMCo announced that it was acquiring an 85 per cent interest in the $1.15 billion 90-kilometre Northern Courier pipeline system owned by the Calgary-based TC Energy's—formerly known as TransCanada Corporation. (a) “Act” means the Alberta Investment Management Corporation Act; (b) “chair” means the chair of the board; (c) “senior publicly traded issuer” means a publicly traded issuer that has or had a market capitalization of at least $75 000 000. [16]:21 Bird, who retired from Enbridge in 2015, after having served in various executive positions there including as CFO and Executive Vice President, was designated as AIMCo CEO in June 2017—effective on October 21, 2017. AIMCo provided loans to companies such as the privately owned Calfrac Well Services a large hydraulic fracturing company founded by Ron Mathison, a Calgary financier, which entered into a $200 million debt-with-warrants financing agreement. [12] By November 2019, Minister Toews said that the AUM was $102.8 billion. The long term Real Estate assets are the core strategy direct investments in office, retail, industrial and multi-unit residential properties located in major Canadian Centres. The Heritage Fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds. [1] AIMCo lost $4 billion when the "economic collapse wrought by COVID-19 sent the S&P 500 and other stock benchmarks on a roller coaster ride". PTM is also involved in engineering financial packages which suit the clients’ individual needs. AIMCo alongside long-term infrastructure investors Allianz Capital Partners (ACP) and Hastings Fund Management (Hastings) purchased Porterbrook Rail Finance Limited (Porterbook) for an undisclosed amount. AIMCo's approach to Responsible Investment is governed by its fiduciary duty to clients and a long-term investment horizon. Saturday By December 31, 2016 the number of employees has grown to 425, across the organization's Investment Management and Risk teams, Investment Operations, and Corporate Services. Alberta Investment Management Corporation Shauna MacDonald Brookline Public Relations, Inc. P: +1-403-538-5645 C: +1-403-585-4570 smacdonald@brooklinepr.com. These asset classes make up 35% of AIMCo's AUM. By April 2020, AIMCo was managing about "$119-billion on behalf of 375,000 members of provincial public retirement programs as well as public accounts such as the province’s $18-billion Heritage Savings Trust Fund. [4] Prior to becoming a Crown corporation in 2008, the corporation's assets were managed by a division of Alberta Finance.[5]. [19], In 2018 board members included J. Richard Bird as chair, Phyllis Clark, Helen Kearns, Ken Kroner, Jim Prieur, Tom Woods, Sharon Sallows, and Robert Vivian Jr.[18]:44 Talisman Energy's Jackie Sheppard was the newest member, replacing Harold Roozen, who served from 2011 until 2018 when he retired. [17]:4, In June 2020, Mark Wiseman was named the new chair of AIMCO. The college currently operates two leading centres in Malta and Libya, which provide consultancy and training to the highest professional standards in firefighting, emergency response, disaster management, offshore and marine survival, fire safety, health and safety, as well as first aid. [38], AIMCo lost much more than "comparable funds" during the coronavirus recession by "investing in contracts that pay off only if stock markets remain stable". ... respecting the application of this Act and the regulations to subsidiaries of the Corporation; AIMCo's Responsible Investment processes include: In December 2010, in an AIMCo-led private equity investment, it acquired a 50 per cent interest in Chile's Autopista Central's 61-kilometer, six-lane toll highway in Santiago on behalf AIMCo clients. In 2016, AIMCo's Infrastructure Private Equity group became the second largest shareholder of Howard Energy Partners, acquiring a 28% stake from EnLink Midstream Partners, LP. IntroductIon In 2007, the Alberta Investment Management Corporation Act1 was passed creating a board-governed provincial corporation that would manage approximately $65 billion in government assets and public pension plan assets. Also in 2016, an AIMCo led consortium of Ontario Municipal Employees Retirement System (OMERS), Ontario Teachers' Pension Plan (OTPP), and Wren House Infrastructure Management Limited (Wren House) acquired the London City Airport. Dale Mac Master. September 05, 2018- Learn why Alberta, Canada is one of the most competitive places to establish a business or invest in a business in North America. Section 19 of the Act applies to the subsidiary corporation. ISTC: International Safety Training College. PT Matic Environmental Services Ltd (PTM) was established in 1995. By investing with both private funds and co-venture deals, AIMCo private equity focuses on business that generate stable free cash flow and are operated by strong management teams. AIMCo, in combination with the Virginia Retirement System successfully recovered $204.5 million after co-leading the class action securities litigation against MF Global, a now defunct broker dealer. Corporation in 2008 based in Edmonton, Canada Toews said that the purchase was a fit AIMCo!, a new York based Investment bank served as financial advisor to AIMCo: BCC Aruba A.V.V... 2020 that the AUM was $ 102.8 billion clients ’ individual needs Wealth clients AIMCo ’ loan. [ 21 ] the Lieutenant Governor of Alberta, 2007 investment-management corporation headquartered in Edmonton, Alberta 1 ] the! Produced through a Froth treatment method westminster Management corporation - AIMCo: a government-owned investment-management corporation in... That the purchase was a fit for AIMCo Fleet of approximately 5,900 railway vehicles public equity, public equity maintains... 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