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The Alberta Investment Management Corporation (AIMCo) today announced that it has further expanded its global footprint by opening an office in New York.
The search is due to the upcoming contract expiration of its incumbent.
The new executive director has been with the retirement system for roughly 30 years.
The hire concludes a search launched in May due to the incumbent’s contract expiration.
The divestments stem from New York State Comptroller Thomas DiNapoli’s Climate Action Plan.
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The plan also made a $50 million long/short equity investment last month.
The average 2023 fiscal year return of colleges and universities’ endowments exceeded fiscal year 2022 returns as the smaller endowments’ public market exposures helped them outperform their larger peers.
The firm has named two new leaders for its Dallas and Virginia offices to strengthen its brand in the region and support client and colleague success.
The retirement plan awarded a contract in its retirement plan and investment advisor services search last year.