The Alberta Investment Management Corporation (AIMCo) was established in 2008 to manage approximately C$70 billion on behalf of 26 pension, endowment, and government reserve funds in the Province of Alberta. The fund's over-arching goal is to earn incremental return on risk over what our clients...

A growing number of institutional investors, persistent in their desire to dis-intermediate and align interests with their portfolio managers, are turning away from external asset managers and are instead looking to one another for assistance. These direct investors are hoping to overcome the...

In a slowing global economy with diminished confidence in the long-term prospects for public financial markets, many institutional investors are looking for innovative, alternative, and often private, investment strategies to meet elevated expected return targets. One source of potential...

Institutional investors have long struggled to manage their own technology, and widely fail at using advanced investment-related technologies to create competitive advantages. These technological disadvantages have had many negative ramifications for institutional investors, such as being...

Occupational defined benefit (DB) pensions today are outmoded and increasingly costly corporate burdens and are now in decline. However, the transformation of DB is found to be contingent on the institutional setting in which transformation occurs. In this article we offer a modest...

Managing (or at least slowing) the decline of private defined benefit (DB) pensions has been a top priority for US policymakers. Any market-related developments or regulatory changes that alter the provision or sustainability of private DB pensions in other countries are thus relevant to policy...

Health care has become a core competitive issue in North America. On the one hand, Americans are worried about the impact of their privately financed system on business interests. On the other hand, Canadians are capitalizing on US problems in an attempt to attract investment away from the...

Private participation in public infrastructure is expected to bring operational efficiency gains and diversified access to large pools of financial capital. However, due to the heterogeneous and politically salient nature of infrastructure, the financial performance of infrastructure is often...

Sovereign investors are often referred to as long-term investors. But it is still unclear that these investors pertain to the same category, as they vary on many dimensions. Previous research proposed typologies of sovereign investors based on external criteria such as region or size of assets...