The fund manger responsible for the investments of pension, endowment and government funds in Alberta says the result was better than its composite benchmark, which posted a loss of 5.2 per cent for the year.
Alberta Investment Management Corp. reported a loss of 3.4 per cent for 2022 as it faced declines in both public equities and fixed-income markets last year.
The loss for the year came as the fund’s money market and fixed-income investments lost 8.1 per cent, while its public equity investments fell 10.0 per cent.
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