The British Columbia Investment Management Corp. has published its investment plan for tackling climate change. Motivated by its clients’ interest in thoroughly understanding their exposure to climate change risk and opportunity, the plan outlines four core activities: managing risk, integration, seeking out opportunities and engaging and advocating. It will also comply with recommendations from the Financial Stability Board’s […]
Three large Canadian pension funds are conglomerating their long-term investments in timber. The Alberta Investment Management Corp., the British Columbia Investment Management Corp. and the Public Sector Pension Investment Board have entered into an agreement to affiliate their long-term timber investments, TimberWest Forest Corp. and Island Timberlands Ltd. Partnership. Read: Where do Canada’s farms belong in […]
Several major Canadian public pensions are investing in Puget Holdings [no LLC], the parent company of Puget Sound Energy Inc., a regulated utility company in Washington state. The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 23.9 per cent stake, while the Alberta Investment Management Corp. is raising its previously held stake by six per cent to […]
The British Columbia Investment Management Corp. is reporting a nine per cent return for the fiscal year ending Mar. 31, 2018, a slight drop from its 12.4 per cent return in the previous year. The return generated $1.9 billion in added value, bringing the organization’s assets under management to $145.6 billion. It also increased its internally managed assets to […]
The Canada Pension Plan Investment Board is acquiring a stake in Swiss sports data firm Sportradar. The CPPIB is making the acquisition, from Swiss private equity firm EQT Partners and other minor stakeholders, alongside growth equity firm TCV. The stake is valued at about $3.1 billion. “The sports data market, particularly real-time data, is a compelling long-term investment […]
Since the British Columbia Investment Management Corp. is the fourth largest pension fund manager in Canada, it’s important to consider whether it’s investing its resources in a way that aligns with the country’s commitment to the Paris Agreement, according to a new report by the Canadian Centre for Policy Alternatives. BCI isn’t investing with the goals […]
Morneau compares pipeline to insurance for investors