British Columbia Investment Management Corp. – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 19 Nov 2024 20:00:16 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 BCI targeting methane emissions, board diversity: stewardship report https://www.benefitscanada.com/canadian-investment-review/research-markets/bci-targeting-methane-emissions-board-diversity-stewardship-report/ Tue, 15 Oct 2024 13:00:17 +0000 https://www.benefitscanada.com/?p=161229 The British Columbia Investment Management Corp. is focusing on methane emissions regulation and board diversity among its key environmental, social and governance policy initiatives, according to its inaugural stewardship report. In early 2024, the BCI responded to methane policy consultations by Environment and Climate Change Canada and the U.S. Environmental Protection Agency, said the report, noting […]

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]]> Caisse investing in U.S.-based utilities firm, BCI backing acquisition of India-based communications infrastructure provider https://www.benefitscanada.com/canadian-investment-review/alts/caisse-investing-in-u-s-based-utilities-firm-india-based-ivanhoe-cambridge-partner-securing-50m-loan/ Fri, 20 Sep 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=160297 The Caisse de dépôt et placement du Québec is buying a 30 per cent indirect stake in the Ohio subsidiary of energy firm AES Corp. for nearly US$546 million. This is the Caisse’s second investment in the utilities company, after first investing in AES Indiana. The investment doesn’t grant the Caisse with a change in […]

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]]> Canadian pension funds recognized for governance, sustainability practices: report https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-pension-funds-recognized-for-governance-sustainability-practices-report/ Wed, 21 Aug 2024 19:00:20 +0000 https://www.benefitscanada.com/?p=159168 Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience, according to a new report by data platform Global SWF. The assessment tool, which reviews the practices and efforts of state-owned sovereign wealth funds and public pension funds, gave the […]

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]]> Caisse invests $600M in Fiera Capital, BCI sells majority stake in Hayfin https://www.benefitscanada.com/news/cir-news-news/caisse-invests-600m-in-fiera-capital-bci-sells-majority-stake-in-hayfin/ Fri, 02 Aug 2024 17:00:11 +0000 https://www.benefitscanada.com/?p=158701 The Caisse de dépôt et placement du Quebec is investing $600 million in Quebec-based asset management firm Fiera Capital. The transaction is part of the investment organization’s commitment to allocate $100 billion in investments of Quebec companies by 2026, according to a press release, which noted the funds will help support Fiera Capital’s international expansion […]

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]]> BCI reports 7.5% annual return, assets grow to $250.4BN https://www.benefitscanada.com/news/cir-news-news/bci-reports-7-5-annual-return-assets-grow-to-250-4bn/ Fri, 28 Jun 2024 19:00:41 +0000 https://www.benefitscanada.com/?p=157613 The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5 per cent the previous fiscal year, according to its latest annual report. The report, which reflects the results from the investments of its six largest pension clients — the BC Hydro Pension […]

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]]> B.C.’s Municipal Pension Plan focusing on sustainable investments https://www.benefitscanada.com/archives_/benefits-canada-archive/b-c-s-municipal-pension-plan-focusing-on-sustainable-investments/ Fri, 21 Jun 2024 12:54:40 +0000 https://www.benefitscanada.com/?p=157034 Chelsea Kittleson joined British Columbia’s Municipal Pension Plan at a time of change for the investment organization. The MPP’s executive director, who joined the plan sponsor in November 2023, has used her investment and operations background to implement and oversee a three-year strategic plan that includes long-term sustainable investment goals. Read: B.C. Municipal Pension Plan appointing […]

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]]> 2024 Global Investment Conference: How institutional investors are navigating developed, emerging market trends https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-how-db-pension-plans-are-monitoring-emerging-markets-progress/ Mon, 10 Jun 2024 11:48:03 +0000 https://www.benefitscanada.com/?p=156218 During a panel at the Canadian Investment Review’s 2024 Global Investment Conference in April, three key thought leaders representing defined benefit pension plan sponsors shared their views on investment trends and challenges in developed and emerging markets. Investing in emerging markets brings a slate of challenges for investors, said Jean-Christophe Lermusiaux, (pictured centre) managing director of […]

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]]> BCI sells $1 billion worth of private equity holdings to investment firm https://www.benefitscanada.com/canadian-investment-review/alts/bci-sells-1-billion-worth-of-private-equity-holdings-to-investment-firm/ Wed, 15 May 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=155613 The British Columbia Investment Management Corp. is selling more than US$1 billion worth of private equity funds to Ardian, a France-based independent private equity investment company, according to reporting by Bloomberg. Although it’s unclear which assets the BCI intends to sell, last June, Bloomberg also reported the investment manager was considering the sale of roughly $2 […]

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]]> BCI appointing Chris Weitzel as senior managing director, fixed income and foreign exchange https://www.benefitscanada.com/notice/appointment-notice/bci-appointing-chris-weitzel-as-senior-managing-director-fixed-income-and-foreign-exchange/ Fri, 15 Mar 2024 19:00:42 +0000 https://www.benefitscanada.com/?p=153139 The British Columbia Investment Management Corp. is appointing Chris Weitzel as senior managing director of its fixed income and foreign exchange team, effective March 11, 2024. Weitzel first joined the BCI in 2018 as part of the team that developed and launched the investment organization’s funding program. He succeeds Chris Beauchemin, who’s retiring after 35 […]

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]]> BCI making key appointments to executive, private equity teams https://www.benefitscanada.com/notice/appointment-notice/bci-making-key-appointments-to-executive-private-equity-teams/ Tue, 12 Mar 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=153007 The British Columbia Investment Management Corp. is making several appointments on its executive and private equity investment teams. The investment organization is appointing Rechelle Effendy as acting senior vice-president, finance and chief financial officer, effective immediately. On its private equity team, the BCI is appointing Blake Fizzard as senior managing director of global operations, Julian […]

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