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IMCO launches first structured pool of assets, with approximately $3.5 billion of Canadian public equities

Significant milestone positions IMCO as a compelling solution for Ontario’s public sector

TORONTO (November 13, 2020) – The Investment Management Corporation of Ontario (IMCO) announced today it has successfully launched the IMCO Canadian Public Equity Pool, its first structured pool of assets for its clients. The pool launched with approximately $3.5 billion (CAD) in assets. The launch represents a significant milestone in advancing IMCO’s mandate of providing public sector institutions with access to world-class, multi-strategy investment management services in a cost-effective manner.

“Our first pool marks a critical new stage in the continued transformation of our clients’ portfolios and continues to position IMCO as the most compelling solution for providing asset management services to Ontario’s public sector,” said Bert Clark, President & CEO, IMCO.

IMCO plans to offer additional public markets pools in the coming months to its clients, with pools for private markets to follow.

Ontario public sector funds join IMCO to access a broad range of enhanced investment strategies. IMCO provides professional end-to-end investment solutions for clients who may not have the scale to create or efficiently access a full range of asset classes, and consolidated risk management and reporting, in a cost-efficient manner.

There are 90 potential funds in Ontario’s broader public sector that are eligible for IMCO membership. These funds represent nearly $100 billion in assets under management. IMCO can provide investment management and services to the following entities:

  • Crown agencies;
  • Corporations, with or without share capital, that is not a Crown agency but is owned, operated, or controlled by the Crown;
  • Boards, commissions, authorities, or unincorporated bodies of the Crown;
  • Universities in Ontario, including affiliated and federated colleges, that receive operating grants from the Government of Ontario;
  • Municipalities as defined in section 1 of the Municipal Act, 2001; and
  • Any other bodies as may be prescribed.

“IMCO is the only investment management organization purpose-built to serve Ontario’s broader public sector, and we have a deep understanding of our clients’ interests,” said Clark. “Our professional investors, sophisticated risk management systems, and cost-recovery model enables clients to meet their long-term financial obligations in an increasingly challenging investment climate.”