World News: 14:00 GMT Wednesday 14th August 2019. [SimCorp A/S via Globe Newswire via SPi World News]
This year, AIMCo, one of Canada’s largest and most diversified institutions with more than C$115 billion of assets under management, was recognized for its multi-asset platform approach to managing alternatives assets. The AIMCo team was celebrated for its leadership in the industry, particularly for embracing platform consolidation to reduce the cost and complexity of supporting growing alternative allocations.
CPPIB invests in the best interests of 20 million Canada Pension Plan contributors and beneficiaries. The Fund’s primary objective is to maximize returns, without undue risk of loss. CPPIB, which had C$392 billion in assets as of March 31, 2019, was recognized at the recent Thunderbird awards for the adoption of new accounting technology, to support the integration of additional Canada Pension Plan contribution amounts. The CPPIB team was celebrated for an on-time, under-budget and efficient project delivery, which helped to safeguard increased retirement income for current contributors and future generations.
At the event CPPIB also stated that operational readiness to manage increased CPP contribution amounts, had been the top technology initiative within the organization over the past fiscal year, as the Fund evolved towards a new multi-account, multi-pool accounting structure.
Globe Newswire: 14:00 GMT Wednesday 14th August 2019
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