Edmonton, Alberta, Canada (August 15, 2014)– 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.