The Investment Management Corporation of Ontario (IMCO) is among the Top 100’s nine youngest funds. It was born in 2016 to manage the capital of two specific funds, the Ontario Pension Board (OPB) and the Workplace Safety and Insurance Board (WSIB), offering lower costs through economies of scale. These could be followed by several others, and the manager expects to surpass CAD 100 billion by 2023. It maintains a fairly aggressive allocation, with 40% into alternatives and 13% into hedge funds alone.