Investments

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We are focused on providing strategic investment oversight designed to deliver a sustainable plan over the long term, at a cost and risk level acceptable to our plan sponsors.

ATRF has been providing reliable pensions through world-class investment support for our plans for over 80 years. ATRF takes a carefully informed, strategic view of investments that focuses on long-term rather than just short term results.

ATRF’s investment strategy is customized to meet the unique needs of our plans. It has been developed by combining an understanding of the expected return of financial assets and their risks with an understanding of our members’ benefits and the forces acting upon them.

At the core of everything we do is our fiduciary duty to act in the best interests of teachers, the plans, and the pension funds.

ATRF Investment Management

Post-2021 Asset Management

In accordance with legislation passed by the Government of Alberta in 2019, ATRF will retain responsibility for setting the strategic direction of all ATRF investments while the day-to-day management of ATRF assets will be transferred to the Alberta Investment Management Corporation (AIMCo).

ATRF will continue to be the trustee for the plan and will continue to manage the administration of the pension. The ATRF Board will remain in control of determining how the pension fund is invested at a strategic level, as well as retaining ownership of the plan’s assets.

As we wrap up the asset transition, an internal Investment Strategy and Risk team has been created, who is responsible for supporting the ATRF Board in setting an investment policy that will provide consistent delivery of plan benefits, maintenance of affordable contribution rates that are relatively stable over time, and the achievement and maintenance of fully funded plans.

Of vital importance is the monitoring function this team also performs. Carefully monitoring investment decisions and performance is undertaken in an ongoing way to ensure ATRF’s portfolio remains consistent with its investment policy, and that investments are performing as expected.

Prior to the asset management transfer, ATRF had an investment policy that detailed the level of risk acceptable to ATRF, as well as the asset allocation targets. This policy has not changed, though recently, it has been enhanced and refreshed. This is the policy we are referring to that AIMCo must now put into practice.

On September 8, 2021, we announced that an IMA had been reached with AIMCo, which includes provisions that AIMCo follow our investment policy, including setting the asset allocation according to what’s prescribed in the policy. This IMA allowed ATRF to proceed with the remaining asset transfer, which concluded on October 5, 2021. All assets are now with AIMCo for day-to-day management.

Pre-2021 Asset Management

ATRF staff continue to manage the investment of some of the plan assets. As of February 1, 2021, AIMCo manages the Infrastructure asset class, and as of March 1, 2021, AIMCo manages the Real Estate and Private Equity asset class as well.

A team of experienced experts at ATRF are focused on delivering a sustainable plan over the long term, at a cost and risk level acceptable to our plan sponsors.