The Investment Management Corporation of Ontario (IMCO) is a Canadian organization that provides comprehensive investment management and advisory services to broader public sector institutions in Ontario. Here is an overview of IMCO: ## Overview - Mandate: IMCO's primary goal is to help its clients achieve long-term financial objectives by offering expert portfolio construction, access to diverse asset classes, and sophisticated risk management capabilities[2][4]. - Independence: IMCO operates independently from the government, ensuring decisions are made without political influence[4]. - Assets Under Management: IMCO manages over $77 billion in assets for its clients[4]. ## Governance - Board of Directors: IMCO is governed by a Board of Directors with between seven and eleven members. The Board includes appointments by the Minister of Finance and elections by IMCO's members[1]. - Term and Remuneration: Directors serve terms up to three years, with a maximum service of nine years. Their remuneration is set by the Corporation[1]. ## Operations - Not-for-Profit Basis: IMCO operates on a cost-recovery basis, charging clients only the necessary fees to cover its costs[3]. - Asset Allocation: As of recent reports, IMCO's asset allocation includes significant investments in public equities, fixed income, real estate, infrastructure, and private equity[5]. ## Key Clients - Ontario Pension Board (OPB): One of IMCO's founding clients, OPB has a strong relationship with IMCO, which manages OPB's assets according to OPB's investment policies[3].