Alberta Funding Administration Corp. reported a 3.4 p.c loss for 2022 because it struggled in each public fairness and stuck revenue markets final 12 months.
The fund supervisor accountable for investing pension, endowment and authorities funds in Alberta says the consequence was higher than its composite benchmark, which confirmed a lack of 5.2 per cent for the 12 months.
Whole shopper property underneath administration have been $158 billion in 2022.
The loss for the 12 months got here because the fund’s cash market and stuck revenue investments misplaced 8.1 p.c, whereas its public fairness investments fell 10.0 p.c.
The losses have been offset by the fund’s property portfolio which returned 4.6 per cent, its infrastructure investments which returned 16.8 per cent and its renewable useful resource investments which returned 25.7 per cent for the 12 months.
AIMCo’s non-public fairness investments rose 0.5 p.c.
