Alberta Investment Management Corporation Announces Chief Executive Officer Appointment and 2020 Performance Results
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EDMONTON, AB, April 15, 2021 /PRNewswire/ - The Board of Directors of Alberta Investment Management Corporation (AIMCo) is pleased to announce the appointment of Mr. Evan Siddall as Chief Executive Officer. Mr. Siddall will assume his responsibilities on July 1, 2021, and will succeed Kevin Uebelein, who has served in the capacity of CEO since January 1, 2015.
Also released today are AIMCo s financial results for the year ended December 31, 2020. On behalf of its 31 Alberta-based pension, endowment and government fund clients, AIMCo earned a total fund return of 2.5% net of all fees, representing approximately $3.0 billion in net investment income, with assets under management reaching $118.6 billion. The annualized total fund returns over four and ten years are 6.1% and 7.7%, respectively.
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