HONG KONG - Canadian pension fund manager Alberta Investment Management Corporation said on Tuesday it was expanding into Asia and opening its first regional office in Singapore.
Kevin Bong, a former managing director at Singaporean sovereign wealth fund GIC, will head the Asia Pacific office, the fund manager said. AIMCo is the latest global asset manager to set up an office, or expand their team, in Singapore as financial firms seek alternative bases to China amid rising geopolitical tensions and China's own faltering economic growth.
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AIMCo opens first Asia office in Singapore, remains leery of ChinaCALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening Tuesday of AIMCo's new Singapore office marks the first foray into the Asia-Pacific region for what is one of Canada's largest institutional investors, with $158 billion of assets under management as of 2022. CEO Evan Siddall said AIMCo, which invests on beh
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AIMCo opens first Asia office in Singapore, remains leery of ChinaCALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.
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