Latest news with #InvestmentManagementCorp.ofOntario
Bloomberg
09-04-2025
- Business
- Bloomberg
IMCO Gained 9.9% Last Year, Fueled by Stocks and Private Equity
Investment Management Corp. of Ontario returned 9.9% last year, driven mainly by gains in stocks and private equity holdings. The results for the Canadian pension manager 'reflect the strength of our disciplined, long-term approach to investing,' Chief Executive Officer Bert Clark said Wednesday in a statement.
Bloomberg
11-02-2025
- Business
- Bloomberg
Ontario Fund Writes Down $400 Million Investment in Northvolt
Investment Management Corp. of Ontario has written down its $400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to people familiar with the matter. The Canadian pension manager bought Northvolt convertible bonds in 2023, its largest transaction in Europe at the time. IMCO manages about C$77 billion ($53.8 billion) for public-sector groups in the province of Ontario.
