Canadian fund to pour ‘billions’ into UK assets

One of Canada’s largest asset managers is planning to more than double its headcount in London and invest billions in the UK. The Alberta Investment Management Company has taken a confident stance on the UK’s capital, hailing the city as more of a gateway to the world than New York. AIMCo, which manages $120bn on behalf of Alberta’s wealth fund and pension funds, said it planned to increase its London headcount from 30 to 80 over the next few years and invest “billions” in the UK, including on projects linked to the country’s “green industrial revolution” policy. The UK plans are part of a big international push by AIMCo, which said it wanted to invest C$3bn-C$5bn outside of Canada in the next year. The company’s UK plans follow similar moves by other large global investors including $102bn Australian superannuation fund Aware Super, which is opening its first London headquarters later this year. The FT (£)