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Finstad departs from Alberta Investment Management

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Dave Finstad, who is credited with running the absolute return portfolio at the $65 billion Alberta Investment Management Corp., has left the investment management firm.

Plans to replace Finstad are now being reviewed, according to Shauna MacDonald, spokeswoman for Alberta Investment Management. As for Finstad he has yet to join any other organization. He is understood to have joined Alberta Investment Management in 2004 and built the programme to $3 billion. As of 31 March, the hedge fund portfolio totaled $1.6 billion.

The hedge fund group is managed by the external funds group and includes direct investment in hedge