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AIMCo on 2023, real estate and interest rates

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Alberta fund sees promise in Poloz-led discussions on domestic investment, chief investment officer says

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Alberta Investment Management Corp. (AIMCo) posted an overall return of 6.9 per cent in 2023, despite challenges in its real estate portfolio. The asset manager, which invests on behalf of pension, endowment, insurance, and government clients in Alberta, ended the year with $160.6 billion in assets under management.

The return, though positive, fell below AIMCo’s benchmark return of 8.7 per cent.

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