alberta investment management corporation act

0000005636 00000 n On July 7, 2020, the Honourable Tanya Fir, Minister of Economic Development, Trade and Tourism, introduced Bill 33 (known as the Alberta Investment Attraction Act) to the Alberta Legislative Assembly, which proposes to create a government-owned corporation known as the "Invest Alberta Corporation". h�b```�S���@(��������ɳ1����'DY8^1��.�. 0000003155 00000 n Pursuant to the Alberta Investment Management Corporation Act, SA 2007 c A-26.5, AIMCo provides investment management services for a diverse group of Alberta public sector clients, including Alberta public sector pension plans and provincial endowment funds. 0000001539 00000 n Agriculture Crop Insurance. 0000005534 00000 n Pursuant to the Alberta Investment Management Corporation Act, SA 2007 c A-26.5, AIMCo provides investment management services for a diverse group of Alberta public sector clients, including Alberta public sector pension plans and provincial endowment funds. AIMCo is one of Canada’s largest and most diversified investment managers, with over $118 billion of assets under management. A Path to Community Prosperity. (2) The Corporation shall provide investment management 0000107589 00000 n Alberta Investment Management Corporation Regulation, Alberta Investment Management Corporation Act Remuneration Regulation, identifier-ALIS-catno | ALIS catalogue number, identifier-NEOS-catkey | NEOS catalogue key. We are a Crown corporation of the Government of Alberta, operating at arm’s length and on commercial principles, engineered to maximize return for our clients with a steadfast focus on becoming world-class in every facet of our operations. Alberta Securities Commission <<375A595628069F488965D7197E4B7F71>]/Prev 210423>> 0000002372 00000 n Under a controversial bill passed by Alberta’s United Conservative Party late last year, AIMCo is already taking on investment management duties for the Alberta Teachers’ Retirement Fund. Alberta Investment Management Corporation Act 1(1) Amends chapter A-26.5 of the Statutes of Alberta, 2007. Alberta has just created its first ever Crown Corporation dedicated to investment attraction, with a mandate to engage the world and provide high end tailored support to investors and major new investment projects. Management Closed Pension Membership. © Published by Alberta Queen’s Printer. Alberta Investment Management Corporation Act 1(1) Amends chapter A-26.5 of the Statutes of Alberta, 2007. Workers’ Compensation Board. Kevin Uebelein, the chief executive officer of the Alberta Investment Management Corporation (AIMCo), wrote an op-ed in the Edmonton Journal on why investment independence is essential to AIMCo's mandate: I feel that it is very important to personally address the questions and accusations that have been raised in the media — both the traditional and social varieties — around … 0000002762 00000 n See how we are working together to build prosperity, security and opportunity across generations. Alberta's Heritage Savings Trust Fund (HSTF) merits its own wiki article. AIMCo established in 2008, manages HSTF, along with pension funds, etc as an investment fund manager. It also establishes the corporation’s client base, sources of funding and scope of operations. 0000037553 00000 n (2) Section 4 presently reads: 4(1) There shall be a board of directors consisting of not more than 11 members appointed by the Lieutenant Governor in Council. ALBERTA INVESTMENT MANAGEMENT CORPORATION ACT REMUNERATION REGULATION retainer referred to in subsection (1), a retainer in the amount of $10 000 per year during that director’s appointment as chair. 0000038330 00000 n xref 0000064519 00000 n 0000107849 00000 n 0000065184 00000 n 0000005137 00000 n (2) Section 4 presently reads: 4(1) There shall be a board of directors consisting of not more than 11 members appointed by the Lieutenant Governor in Council. 0000000016 00000 n It also establishes the corporation’s client base, sources of funding and scope of operations. Sifton Estate. 0000001785 00000 n 0000121934 00000 n Alberta Investment Management Corporation (AIMCo) is one of Canada's "largest and most diversified institutional investment fund managers" with an investment portfolio of approximately $119 billion" assets under management (AUM) by 2020, focusing on private equity, public equity, fixed income and private debt. In providing investment management services to designated entities ("our clients"), AIMCo acts in the best interest of our clients as AIMCo is, for all purposes, an agent of the … startxref AIMCo (Alberta Investment Management Corporation) is a high performing investment manager that finds the best opportunities from around the world and delivers results. The Alberta Investment Management Corporation Act creates and sets the mandate and governance structure for the Alberta Investment Management Corporation. 0000001367 00000 n Alberta Investment Management Corporation (AIMCo) is an agent of the Crown in right of Alberta and operates under the authority of the Alberta Investment Management Corporations Act, Chapter A-26.5. AIMCo is Alberta’s investment manager. 1 Alberta Investment Management Corporation Act . Alberta is the most attractive and welcoming investment destination in North America. 0000001657 00000 n 0000001273 00000 n Alberta Risk Management Fund. 46 29 The Act establishes the Board of Directors, the Chief Executive Officer and the Audit Committee. A-26.5 (2007) (the “Alberta Investment Management Corporation Act”), with respect to the Shares held on behalf of clients for which AIMCo serves as investment manager. 1 The Alberta Investment Management Corporation Act is amended by this Act. A crown corporation headquartered in Edmonton, Alberta, AIMCo manages the assets on behalf of "375,000 members of provincial public retirement programs", endowments, government funds, and othe… In accordance with the Alberta Investment Management Corporation Act, the Board of Directors is responsible for overseeing the management of the business and affairs of AIMCo. E-mail: qp@gov.ab.ca Shop on-line at www.qp.alberta.ca Alberta Queen’s Printer Suite 700, Park Plaza 10611 - 98 Avenue Edmonton, AB T5K 2P7 Phone: 780-427-4952 Fax: 780-452-0668. The purpose of the organization, as stipulated in the Alberta Investment Management Corporation Act (AIMCo Act) is to provide investment management services to designated entities that include 31 Alberta-based Pension Plans, Endowment Funds and Government Accounts. Alberta Investment Management Corporation (“the Corporation”) is an agent of the Crown in right of Alberta and operates under the authority of the Alberta Investment Management Corporations Act, Chapter A-26.5. ALBERTA INVESTMENT MANAGEMENT CORPORATION ACT. The Regulation establishes the Board’s nomination process, term lengths and high-level director qualifications. 0000001918 00000 n We are here to help support Indigenous-led investment in energy, mining, and forestry projects. 0000002270 00000 n However, the Alberta Investment Management Corporation (AIMCo) and Alberta Heritage Savings Trust Fund (HSTF), a Sovereign Wealth Fund, are not the same. 0000065288 00000 n 0000064768 00000 n replacedby_title | Is Replaced By - Title, hastranslation_title | Has Translation - Title, usageconsiderations | Usage Considerations. (2) The purpose of the Corporation is to provide investment management services in accordance with this Act and the regulations and to carry out any other powers, duties and … Specialty Funds Universities Academic. Outside Alberta expertise included two ex- TD bank alumni Charles Baillie and Andrea Rosen and In 2007, the Alberta Investment Management Corporation Act was passed creating a board-governed provincial corporation that would manage approximately $65 billion in government assets and public sector pension plan assets. Pursuant to the Alberta Investment Management Corporation Act, SA 2007 c A-26.5, Alberta Investment Management Corporation provides investment management services for a diverse group of Alberta public sector clients, including certain Alberta public sector pension plans, provincial endowment funds and government funds. 2(1) A corporation to be known as the “Alberta Investment Management Corporation” is established. 483/2007, 24 October 2007. Alberta is abundant with natural resources and opportunities for responsible, sustainable development. Guided by this mandate, the Board sets the strategic direction of the Corporation and oversees the development and implementation of policies and procedures that govern the day-to-day conduct of AIMCo’s business. Purpose of Bill The Alberta government proposed in its recent budget that management of the C$18 billion ($13.8 billion) Alberta Teachers' Retirement Fund, Edmonton, be shifted to Alberta Investment Management Corp. 0000000876 00000 n Under the Act, the Corporation is established as a Crown Corporation governed by a board of directors appointed by the Credit Union Deposit Guarantee. City of Medicine Hat. 74 0 obj <>stream Interpretation. ChapterA-26.5, Statutes of Alberta, 2007. Alberta School Foundation Fund. 0 Province of Alberta. Alberta Municipal Services Corporation. (a) “Act” means the Alberta Investment Management Corporation Act; (b) “chair” means the chair of the board; (c) “senior publicly traded issuer” means a publicly traded issuer that has or had a market capitalization of at least $75 000 000. In accordance with the Alberta Investment Management Corporation Act, the Board of Directors is responsible for overseeing the management of the business and affairs of AIMCo. Responsible Investment Highlights Investing in Alberta's future. 2 Order in Council 354/2007, 1 August 1 2007 and O.C. The Alberta Investment Management Corporation Act creates and sets the mandate and governance structure for the Alberta Investment Management Corporation. 0000038228 00000 n The Act establishes the Board of Directors, the Chief Executive Officer and the Audit Committee. We are one of Canada’s largest and most diversified institutional investment managers and are responsible for the investments of pension, endowment and government funds in Alberta. 0000108335 00000 n 0000037795 00000 n The principal business address of AIMCo is 1100 10830 Jasper Avenue, Edmonton, Alberta, T5J 2B3. AIMCo’s 32 clients are our first priority. 2 (1) A corporation to be known as the “Alberta Investment Management Corporation” is established consisting of the board of directors under section 4. trailer Description The Alberta Investment Management Corporation Regulation augments the governance of Alberta Investment Management Corporation by further definition of the Board of Directors and the corporation’s client base. (5) A director who is appointed in accordance with the bylaws as chair of a committee established by the board shall be paid, in ALBERTA INVESTMENT MANAGEMENT CORPORATION ACT 4 Designated entities 6(1) A person may be designated under an enactment or by order of the Minister as a person to whom the Corporation is to provide investment management services in respect of funds administered by that person. (a) “Act” means the Alberta Investment Management Corporation Act; (c) “senior publicly traded issuer” means a publicly traded issuer that has or had a market capitalization of at least $75 000 000. A.L. %%EOF 0000005001 00000 n 0000001409 00000 n 46 0 obj <> endobj Office Consolidation Alberta Regulation 225/2007. In accordance with the Alberta Investment Management Corporation Act, the board of directors is responsible for overseeing the management of the business and affairs of AIMCo. %PDF-1.6 %���� Alberta Investment Management Corporation ("AIMCo") was established as a Crown Corporation to provide investment management services in accordance with the Alberta Investment Management Corporation Act ("The Act"). published_date | Publish on this future date. Invest Alberta has launched! Replacedby_Title | is Replaced by - alberta investment management corporation act, usageconsiderations | Usage Considerations is of... | is Replaced by - Title, usageconsiderations | Usage Considerations, term lengths and high-level director qualifications Management! Act is amended by this Act etc as an Investment fund manager Heritage Savings fund... Has Translation - Title, usageconsiderations | Usage Considerations and governance structure for the Alberta Investment Corporation... 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