AIMCo opens first Asia office in Singapore, remains leery of China

Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening Tuesday of AIMCo's new Singapore office marks the first foray into the Asia-Pacific region for what is one of Canada's largest institutional investors, with $158 billion of assets under management as of 2022. CEO Evan Siddall said AIMCo, which invests on behalf of 17