Alberta Investment Management Corp., Edmonton, on Wednesday reported a 12.5% net return on its investments for 2013, compared with its custom benchmark return of 11.6%.
The returns brought in C$8.3 billion (US$7.5 billion) in investment income and helped raise its total provincial pension, endowment and government assets under management to C$74.7 billion.
AIMCo's C$63.2 billion balanced fund, which generally comprises pension and endowment assets, returned 14% for the year, vs. its 13% benchmark, said Denes Nemeth, AIMCo spokesman. Its C$11.5 billion in government and specialty funds, mostly in fixed-income investments, earned a net 4%, compared to its benchmark 3.4% return.
AIMCo returned an annualized net 8.8% for the five years ended Dec. 31.
Detailed performance information will be available in AIMCo's annual report, which will be released in June.