Alberta Investment Management Corporation (AIMCo), a Canada-based investment management firm, has gone live with SimCorp Dimension.
As one of Canada’s most diversified institutional investment fund managers with a portfolio of approximately $70 billion, AIMCo was seeking an investment management solution that would improve scalability, control and automation across all positions and securities. AIMCo selected SimCorp Dimension which automates daily investment workflows eliminating manual processing.
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Leo de Bever, CEO, AIMCo, said: "AIMCo will use SimCorp Dimension as part of its integrated investment platform to allow for a more accurate ‘data-driven’ approach to investment decision-making. This allows AIMCo to further develop global investment strategies for the pensions, endowments and government funds we manage."
David Kubersky, managing director SimCorp, North America, said: "Pension and endowments today are no longer investing within the confines of the basic asset classes that so many legacy technology platforms were built to process. Additionally, increased regulatory pressure continues to make detailed reporting and validation necessary functions of an investment management solution. AIMCo understands the importance of having a solution that is scalable and automated, and also offers a consolidated view of all position data. We are thrilled to be working with AIMCo and look forward to seeing the positive impacts that state-of-the-art technology will have on the firm’s performance and operations."
AIMCo manages funds for a diverse group of Alberta public sector clients including public sector pension funds, endowment funds and government mandated funds. SimCorp Dimension has been deployed across AIMCo’s Canadian operations in support of the firm’s sophisticated investment programs.
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