Alberta Investment Management Corporation (AIMCo) has opened its first international office in London, UK.
The new international office will expand the firm’s global presence in growing investments portfolio across Europe.
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According to AIMCo, the new office will staffed with current investment team employees with a focus on its private European assets.
AIMCo added that this London team will also support and augment the origination and execution of new opportunities managed by its investment teams located back in Canada.
AIMCo has approximately US$70 billion assets under management. It has invested approximately US$8 billion in the United Kingdom and Europe, in both public and private markets.
Leo de Bever, CEO of AIMCo, said: "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."
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