New Ontario based asset manager IMCO begins to manage $60 billion of assets

On July 24, 2017, the Investment Management Corporation of Ontario (IMCO) began to manage the assets of its first two clients, the Workplace Safety Insurance Board (WSIB) and the Ontario Pension Board (OPB).  Together the funds under management have a value of approximately $60 billion and are invested across a broad range of asset classes, including public equities, public debt, private equity, real estate, and infrastructure.  This puts IMCO among the group of the largest public-sector asset managers in Canada.

IMCO was established in 2016 and modelled after similar organizations in Canada such as AIMCo and bcIMC.  IMCO's mandate is to provide broader public-sector clients in Ontario with exceptional investment management services, including best-in-class advice around portfolio construction, efficient access to a diverse range of asset classes and superior reporting on risks and returns.

Gowling WLG was involved in all aspects relating to the planning for IMCO, its creation, and ultimately its "going live" with a team led by Daniel Hayhurst and including, among others, Myron Dzulynsky, Parna Sabet-Stephenson and David Campbell (corporate); Andre Poles and Kathleen Ritchie (corporate/securities); and Ash Gupta and Mariam Al-Shikarchy (tax).