EDMONTON — Alberta Investment Management Corp. says its balanced fund earned a net return of 8.0 per cent for 2023, short of its benchmark return of 9.3 per cent.
AIMCo's real estate portfolio lost 8.4 per cent, while mortgages earned 4.5 per cent and private debt and loan holdings returned 9.6 per cent.In 2023, AIMCo's total fund returned 6.9 per cent compared to a benchmark return of 8.7 per cent. "Our investment teams continued to seize opportunities and effectively mitigate emerging risks to deliver a solid return for our clients and the Albertans they serve."
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