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Canadian fund manager AIMCo to open first Asian office in Singapore

Alberta Investment Management Corp. (AIMCo), one of Canada's largest institutional investors, has inaugurated its first office in the Asia-Pacific region in Singapore. With assets under management valued at USD158bn as of 2022, the Edmonton-based fund manager aims to tap into the rapidly expanding Asian economies. CEO Evan Siddall remarked that AIMCo had underinvested in Asia and missed several growth opportunities. This move is part of AIMCo's global diversification drive; the corporation manages investments in various asset classes from offices in Calgary, Toronto, London, Luxembourg, and soon in New York City. However, Siddall highlighted that they would not venture into markets like China due to geopolitical risks. A study revealed that between 2003 and 2017, Canadian pension funds invested around USD25bn in Asia.


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