|By PR Newswire||
|August 15, 2014 11:00 AM EDT||
EDMONTON, Aug. 15, 2014 /PRNewswire/ - Alberta Investment Management Corporation ("AIMCo") is pleased to announce that it has acquired, on behalf of its clients, a $520.3 million mortgage portfolio of the Ontario Municipal Employees Retirement System ("OMERS").
With $3 billion in loans, AIMCo is one of Canada's leading mortgage lenders. The asset class is an important fixed income risk diversifier for its clients. The acquisition of fifty high-quality, geographically dispersed Canadian mortgages fits well with AIMCo's existing holdings secured by institutional quality, income producing properties. Most of AIMCo's current loans are Canadian, although a number of attractive transactions were recently sourced in the United States and Europe.
About Alberta Investment Management Corporation
AIMCo is one of Canada's largest and most globally diversified institutional investment managers with assets under management of more than $80 billion. AIMCo was established in 2008 to invest for superior long-term investment results for its 27 pension, endowment and government clients in Alberta, including the Alberta Heritage Savings Trust Fund. For more information about AIMCo, visit www.aimco.alberta.ca.
OMERS is one of Canada's largest pension funds with over $65 billion in
net assets. It provides first-class pension administration and
innovative products and services to almost 440,000 members. Almost one
in every 20 employees working in the province of Ontario is an OMERS
member. Through the OMERS Worldwide brand, our team of investment
professionals uses a direct drive, active management investment
strategy to invest in public and private market assets, including
publicly-traded equities, fixed-income, infrastructure, private equity
and real estate. For more information, please visit www.omers.com, or www.omersworldwide.com.
SOURCE Alberta Investment Management Corp.
Image with caption: "Alberta Investment Management Corp. (CNW Group/Alberta Investment Management Corp.)". Image available at: http://photos.newswire.ca/images/download/20140815_C7254_PHOTO_EN_42439.jpg