Alberta Funding Administration Corp. reported a lack of 3.4 per cent for 2022 because it confronted declines in each public equities and fixed-income markets final yr.
The fund manger liable for the investments of pension, endowment and authorities funds in Alberta says the end result was higher than its composite benchmark, which posted a lack of 5.2 per cent for the yr.
Complete consumer property beneath administration have been $158 billion in 2022.
AIMCo CEO says execs who pressure workers again to the workplace are ‘tone deaf’
The loss for the yr got here because the fund’s cash market and fixed-income investments misplaced 8.1 per cent, whereas its public fairness investments fell 10.0 per cent.
King Charles coronation: Particulars of procession, crown jewels unveiled
CRA ‘assured’ a compromise is feasible as tax season strike fears develop
The losses have been offset by the fund’s actual property portfolio which returned 4.6 per cent, its infrastructure investments which gained 16.8 per cent and its renewable useful resource investments which returned 25.7 per cent for the yr.
AIMCo’s non-public fairness investments gained 0.5 per cent.
© 2023 The Canadian Press