Upheaval at the Alberta Investment Management Corporation has brought the rarely discussed provincially owned investment agency into the public eye in recent weeks with firings, hirings, and appointments changing the face of the entity responsible for managing billions in public funds.
The Crown corporation, better known as AIMCo, has been investing Alberta’s money for nearly 17 years, yet it is far from a household name in Canada.
Here’s a look at what AIMCo is, what it does, and how it has changed since being founded on Jan. 1, 2008.
What is AIMCo?
Headquartered in Edmonton, AIMCo is a provincially owned investment-management corporation that, as of June 30, was managing $168.9 billion in assets….