Alberta investment manager AIMCo surpasses $200-billion in assets

By the Editorial Team · Friday, August 28, 2026

Alberta Investment Management Corporation (AIMCo) surpassed $200 billion in assets under management for the first time in mid-2026, reaching $210.7 billion and achieving a 7.2 percent return on its balanced fund in the first half of the year. This growth enhances AIMCo’s ability to diversify investments amid global economic challenges, including geopolitical tensions and deteriorating Canada-U.S. trade relations, which could impact its heavily Canadian-focused portfolio.

Alberta Investment Management Corporation (AIMCo), the Crown corporation responsible for managing public-sector pensions and other funds in Alberta, reported that its assets under management exceeded $200 billion for the first time in 2026. As of June 30, AIMCo’s total assets reached $210.7 billion, up from $194.7 billion at the end of 2025.

Justin Lord, AIMCo’s chief investment officer, highlighted that the size of the portfolio enables the corporation to access diverse investment opportunities across multiple asset classes. The organization's balanced fund, which aggregates various client accounts, posted net investment returns of $13.6 billion in the first half of the year, representing a 7.2 percent rate of return.

The balanced fund’s portfolio composition as of midyear was 31 percent allocated to money market and fixed income, 31 percent to private markets, and 38 percent to public equities. According to AIMCo’s midyear report, public equities were the top-performing segment, bolstered by resilient corporate earnings and strength in artificial intelligence–related sectors and global equity markets overall.

“The breadth of earnings growth has expanded beyond the technology sector and includes multiple geographies and industries, with Canada showing solid performance,” Mr. Lord said in a recent interview.

The first half of 2026 also saw significant geopolitical and economic challenges, including an energy shock prompted by the ongoing conflict in the Middle East and heightened trade tensions between Canada and the United States. Trade relations deteriorated further after the collapse of bilateral talks, leading to the implementation of broad U.S. tariffs on Canadian goods, with retaliatory measures expected.

More than 40 percent of AIMCo’s investments are held within Canada, underscoring the corporation’s vested interest in maintaining a competitive and attractive domestic investment environment, Mr. Lord emphasized.

AIMCo’s portfolio includes pension, endowment, insurance, and government funds tied to the province of Alberta, and its growing assets reflect the expanding scale and complexity of managing public-sector capital amid evolving global economic conditions.

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