Aimco “will have a pan-Asian strategy as opposed to just, for example, a Chinese strategy,” Teti said in an interview. “Singapore seems to be a potentially logical place to have a base through which you can invest across Asia and that will include Australia, New Zealand as well.”
Alberta’s US$129 billion ($181.47 billion) investment manager is looking at Singapore rather than Hong Kong for its first office in Asia as it plots an international expansion of its private equity group.
Alberta Investment Management Corp., known as Aimco, plans to increase its allocation to Asia-based investments and will need staff on the ground to do that, said Peter Teti, head of private equity and international. Singapore has clear advantages, he said.
