Alberta Investment Management Corporation - AIMCo

DEFINITION of 'Alberta Investment Management Corporation - AIMCo'

A government-owned investment-management corporation headquartered in Edmonton, Alberta. AIMCo has approximately $69 billion CAD in assets under management as of 2009, making it one of Canada's largest institutional money-management firms.

BREAKING DOWN 'Alberta Investment Management Corporation - AIMCo'

AIMCo manages a variety of different funds, including the Alberta Heritage Savings Trust Fund. In addition, AIMCo manages numerous pension funds on behalf of approximately 290,000 public sector employees. The corporation is meant to provide independent investment management services to the province.