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Investment Performance

RETURN ON INVESTMENT

that exceeds our market benchmarks.

AIMCo earned a total fund net return of 12.5% in 2013, $589 million more than our market benchmarks.

The net return was 14.0% for pension and endowments clients, and 4.0% for our government and specialty fund clients.

Returns from Active Management

Annually, the board and management agree on active return targets consistent with top quartile return on active risk. In 2013, we again achieved our active return target. Active management added $914 million to gross return. Net of fees, active return was $589 million.

Public equities contributed $520 million, while fixed income added $518 million, and real estate generated $118 million. Timberlands also delivered a very strong return, contributing $175 million to value add. AIMCo’s Private Equity and Infrastructure are still relatively early stage in their respective investment cycles and lagged behind the very strong performance of their listed benchmarks.

AIMCo, Balanced and Short-Term Goverment Composite Investment Performance

  • 14%
  • 12%
  • 10%
  • 8%
  • 6%
  • 4%
  • 2%
  • 0%
One Year
Two Year
Three Year
Four Year
Five Year
  • Total Funds
  • Balanced Fund
  • Short-Term Government Funds

Investment Performance

Calendar Year (net of fees)

 
2013 2012 2011 2010 2009
Rate of Return
2013 2012 2011 2010 2009
12.5% 10.2% 4.8% 7.9% 8.6%
Benchmark
2013 2012 2011 2010 2009
11.6% 8.2% 3.7% 7.5% 8.4%
Return above Benchmark
2013 2012 2011 2010 2009
$589 $1,284 $715 $221 $130

Community Investment

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