Alberta Investment Management Corporation

Customer Experience Drives Workplace Decisions, ISG Research Finds

Retrieved on: 
Tuesday, April 30, 2024
Software, Mobile, Wireless, Networks, Professional Services, Internet, Hardware, Data Management, Technology, Security, Data Analytics, Human Resources, Consulting, Telecommunications, Secret Ingredient, CMO, Summit, Wells Fargo, Boston University, HR, AI, Harbor Freight Tools, Workplace, Doctor of Philosophy, Research, ISG, DXC Technology, Gen, Generation Z, Digital, Culture, Alberta Investment Management Corporation, GM, Acquisition, Foot Locker, Logic, CIO, Telecom, Learning Technology Partners, Organization, Accenture, Management

A majority of enterprises say customer experience drives their decisions on remote or hybrid work, according to new survey research from Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm.

Key Points: 
  • A majority of enterprises say customer experience drives their decisions on remote or hybrid work, according to new survey research from Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm.
  • The ISG study findings and other insights about the future of work will be discussed at the ISG Future Workplace Summit , May 13–14, at Convene 360 Madison in New York City.
  • “The future workplace is all about experience,” said Mark Smith, partner, ISG Software Research, and host of the ISG Future Workplace Summit.
  • Rodman.ai is an Influencer Partner of the ISG Future Workplace Summit , while Unisys, Accenture, DXC Technology and Whatfix are event sponsors.

AIMCo Announces Board of Directors Appointments

Retrieved on: 
Thursday, March 14, 2024
University, Risk management, CFO, AB, Corporation, Senior, Capital market, Commerce, CFA, Treasury, Partner, CIBC World Markets, Alberta Investment Management Corporation, Lieutenant, Aimco, TC Energy, Management

"On behalf of the members of the AIMCo Board, I would like to welcome Joel and Jason.

Key Points: 
  • "On behalf of the members of the AIMCo Board, I would like to welcome Joel and Jason.
  • AIMCo and the clients we serve will certainly benefit from the depth and breadth of experience and expertise that both will bring to their roles," said Dr. Ken Kroner, Vice Chair, AIMCo Board of Directors.
  • "The Board also wishes to express its gratitude to Sharon and Tom for their valuable contributions to the Board and for their steadfast dedication to AIMCo."
  • In accordance with the Alberta Investment Management Corporation Act, the Board of Directors is responsible for overseeing the management of the business and affairs of AIMCo.

Alberta Investment Management Corporation Opens Office in New York

Retrieved on: 
Tuesday, February 13, 2024
Foreign direct investment, AB, Investment, Heart, Senior, Alberta Investment Management Corporation

NEW YORK and EDMONTON, AB, Feb. 13, 2024 /PRNewswire/ - The Alberta Investment Management Corporation (AIMCo) today announced that it has further expanded its global footprint by opening an office in New York.

Key Points: 
  • NEW YORK and EDMONTON, AB, Feb. 13, 2024 /PRNewswire/ - The Alberta Investment Management Corporation (AIMCo) today announced that it has further expanded its global footprint by opening an office in New York.
  • AIMCo's New York office brings the firm's total number of global offices to seven, including Edmonton, Calgary, Toronto, London, Luxembourg, and Singapore.
  • The organization's presence in these countries provides access to deeper pools of talent that bring nuanced country- and sector-specific knowledge to secure the best investment opportunities.
  • "Our New York office, in the heart of one of the world's most important financial hubs, will also provide us with the presence and proximity required to both develop and deepen critical relationships with our investment partners," said David Scudellari, Senior Executive Managing Director, Head of International Investment, based in AIMCo's New York office.

AIMCo Outlines Approach to Climate Investing

Retrieved on: 
Thursday, February 1, 2024
Investment, Resource, Climate, Energy transition, Alberta Investment Management Corporation, AB, Climate change, Infrastructure, Carbon, Renewable energy

EDMONTON, AB, Feb. 1, 2024 /CNW/ - The Alberta Investment Management Corporation (AIMCo) today outlined its approach to climate investing.

Key Points: 
  • EDMONTON, AB, Feb. 1, 2024 /CNW/ - The Alberta Investment Management Corporation (AIMCo) today outlined its approach to climate investing.
  • "AIMCo has been strategically evaluating climate change risks and opportunities for the last decade and the organization has a strong track record of making investments in the energy transition space," said Marlene Puffer, Chief Investment Officer, AIMCo.
  • "Our climate approach provides important transparency around how we consider climate in our investments and how we will, over the long run, help reduce emissions."
  • AIMCo's climate approach includes the introduction of a climate taxonomy that evaluates and classifies the energy transition readiness and carbon intensity of existing and new investments.

AIMCo Recognized as a Top Employer

Retrieved on: 
Tuesday, January 30, 2024
Culture, Alberta Investment Management Corporation, AB, Engagement, Aimco

This is the tenth consecutive year that AIMCo has been recognized as a top employer in Alberta, and the first time that AIMCo has been recognized nationally as a top employer for young people.

Key Points: 
  • This is the tenth consecutive year that AIMCo has been recognized as a top employer in Alberta, and the first time that AIMCo has been recognized nationally as a top employer for young people.
  • AIMCo's Chief Culture, People and Engagement Officer Krista Pell said:
    "We work hard to ensure AIMCo employees can thrive, both personally and professionally.
  • I'm thrilled to see that culture recognized.
  • For more information about AIMCo's recognition as a top employer, please click here .

Capital Power announces closing of $400 million subscription receipts offerings

Retrieved on: 
Tuesday, November 28, 2023
Private, Capital Power Corporation, Offerings, Public, Indigenous peoples, Sale, NOT, Risk management, Person, Electricity, WIRE, Bookrunner, Investment, News, Computershare, Perception, Alberta Investment Management Corporation, CSG, TSX, National bank, CPX, CXA, Toronto Stock Exchange, Beal, Capital, Climate, Security (finance)

EDMONTON, Alberta, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that it has completed its previously announced public and private placement offerings of subscription receipts (collectively the “Offerings”). The public offering consisted of the issuance of 8,231,000 subscription receipts (the “Public Subscription Receipts”), on a bought deal basis, at an issue price of $36.45 per Public Subscription Receipt (the “Offering Price”), for total gross proceeds of approximately $300 million (the “Public Offering”) pursuant to an underwriting agreement with a syndicate of underwriters (the “Underwriters”) led by TD Securities Inc. and National Bank Financial Inc. The Company has granted the Underwriters an over-allotment option to purchase, in whole or part, up to an additional 1,234,650 Public Subscription Receipts at the Offering Price to cover over-allotments, if any, exercisable at any time and from time to time until the date that is 30 days following the closing of the Public Offering. If the over-allotment option is exercised in full, gross proceeds from the Public Offering will be approximately $345 million.

Key Points: 
  • NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    EDMONTON, Alberta, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that it has completed its previously announced public and private placement offerings of subscription receipts (collectively the “Offerings”).
  • If the over-allotment option is exercised in full, gross proceeds from the Public Offering will be approximately $345 million.
  • Concurrently, the Company issued 2,745,000 subscription receipts (together with the Public Subscription Receipts, the “Subscription Receipts”) at the Offering Price to Alberta Investment Management Corporation (“AIMCo”) on a private placement basis for gross proceeds of approximately $100 million (the “Private Placement”).
  • Each Subscription Receipt will entitle the holder thereof to receive, without payment of additional consideration or further action, upon the first to close of the Acquisitions (as defined below), one common share of Capital Power.

Capital Power Announces Strategic Acquisition of Two Contracted Combined-Cycle U.S. Gas Generation Facilities and a $400 Million Subscription Receipts Offering

Retrieved on: 
Monday, November 20, 2023
Capital Power Corporation, Indian stock exchange, BlackRock, Investment, CXA, Offering, NOT, Electricity, Equivalence, Adjustment, Capital, Private, Public, Private placement, Plant, Alberta Investment Management Corporation, Webcast, Toronto Stock Exchange, Beal, Underwriting, Aimco, Partnership, Investment company, Sale, LLP, Acquisition, WIRE, Public expenditure, CSG, TSX, CPX, Security (finance)

EDMONTON, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that it has entered into two separate definitive agreements with CSG Investments, Inc., a subsidiary of Beal Financial Corporation, to acquire:

Key Points: 
  • Under the newly established 50/50 partnership, Capital Power and BlackRock will each be responsible for funding 50% of the cash consideration for the Harquahala Acquisition.
  • Capital Power will be responsible for the operations and maintenance and asset management for which it will receive an annual management fee.
  • The net purchase price of the Acquisitions attributable to Capital Power is expected to be US$1.1 billion (~$1.5 billion), subject to working capital and other customary closing adjustments.
  • “Capital Power's acquisition of La Paloma and the partnership in Harquahala’s gas generation assets marks a significant milestone in our strategic growth,” said Avik Dey, President and Chief Executive Officer of Capital Power.

Ares Management Raises Approximately $3.3 Billion of Real Estate Secondaries Capital

Retrieved on: 
Tuesday, December 5, 2023
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Professional Services, Data Analytics, Asset Management, Other Professional Services, Residential Building & Real Estate, NYSE, Partnership, Ares, Real estate, Alberta Investment Management Corporation, General partnership, ARES, Like a Boss (film), Environment, Growth, Financial services, Cryptocurrency

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX (“LREF IX” or the “Fund”), General Partner commitments and affiliated vehicles.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX (“LREF IX” or the “Fund”), General Partner commitments and affiliated vehicles.
  • Through LREF IX, the Ares Real Estate Secondaries team provides flexible and highly customizable secondary solutions for both Limited Partners and General Partners.
  • To date, the Real Estate Secondaries strategy has invested or committed approximately $8.3 billion across more than 200 transactions.
  • We are excited to continue leveraging our team’s capabilities and the power of the Ares global platform to provide creative deal structures and liquidity solutions to both Limited Partners and fund sponsors.”
    The Ares Real Estate Secondaries strategy is part of the Ares Secondaries Group.

Dr. Kenneth F. Kroner to Assume Role of Chair of the AIMCo Board

Retrieved on: 
Friday, December 8, 2023
Economics, Alberta Investment Management Corporation, Government of Alberta, Mathematics, Chair, Chairperson, Corporation, AB, University, Aimco, Senior management, BlackRock, Management

EDMONTON, AB, Dec. 8, 2023 /CNW/ - The Alberta Investment Management Corporation (AIMCo) today announced that its Board of Directors has appointed Dr. Kenneth (Ken) F. Kroner as Vice Chair.

Key Points: 
  • EDMONTON, AB, Dec. 8, 2023 /CNW/ - The Alberta Investment Management Corporation (AIMCo) today announced that its Board of Directors has appointed Dr. Kenneth (Ken) F. Kroner as Vice Chair.
  • In this capacity, effective January 1, 2024, Dr. Kroner will assume the role of Board Chair until a permanent appointment is made by the Government of Alberta.
  • Dr. Kroner is highly qualified to be Chair and has the unanimous support of his fellow directors in assuming this role.
  • Having joined the AIMCo Board in 2017, he is currently Chair of the Investment Committee.

CoreWeave Announces Secondary Sale of $642 Million

Retrieved on: 
Monday, December 4, 2023
GPU, PIMCO, JPMorgan Chase, Magnetar Capital, Mistral, Alberta Investment Management Corporation, Drug discovery, Cloud computing, AI, IMCO, BlackRock, Inflection, Cryptocurrency, Medical device, NVIDIA

CoreWeave is delivering the next generation of cloud computing, with a modern approach to hardware engineering and proprietary software stack that is designed specifically for the most complex and intensive workloads like generative AI and drug discovery -- filling a void left unaddressed by the generalized offerings provided by hyperscalers. The Company's specialized approach to combining hardware and software expertise provides unprecedented performance, while also delivering complete end-to-end control of the compute environment for customers to optimize workload management, visibility and stability.

Key Points: 
  • "The AI industry is at an inflection point, and CoreWeave has played a central role in powering its evolution by delivering differentiated infrastructure to customers," said Michael Intrator.
  • "CoreWeave is solving critical issues by integrating the most performant and flexible GPU, networking and storage technologies into the most differentiated AI infrastructure available today.
  • In April, CoreWeave announced it had raised $221 million in Series B funding led by Magnetar Capital with contributions from NVIDIA, Nat Friedman and Daniel Gross.
  • One month later, CoreWeave secured $200 million in a Series B extension, also led by Magnetar Capital.