A Long-Term Investor

Our clients have obligations that extend beyond 70 years. As their investment manager, we are responsible for ensuring that they can meet their long-term funding needs to pay pensions and finance the insurance and benefit funds within British Columbia. Our commitment to our clients underpins everything we do. BCI invests in quality assets and stable companies with the potential to appreciate in value and provide reliable cash flows in the years to come. Our outlook, strategies, and approach are driven by longer term considerations.

We report the annualized pension returns and cumulative value added on an annual basis for the fiscal year-end March 31. This reflects the investments of BCI’s six largest pension clients.

BCI'S ANNUALIZED PENSION RETURNS1, 2 (%)
Returns for the periods ended March 31, 2024

1 The combined pension plan clients are comprised of BC Hydro Pension Plan, College Pension Plan, Municipal Pension Plan, Public Service Pension Plan, Teachers’ Pension Plan, and WorkSafeBC Pension Plan.

2 Includes the impact of client currency hedging policies, where set.
CUMULATIVE VALUE ADDED1 BY BCI ($ BILLION)
For the periods ended March 31, 2024

Value-add is the additional return in dollars BCI generated for clients in excess of client benchmarks through active investments and excluding the impact of clients’ currency hedging policies, after all costs and fees.

1 The combined pension plan clients are comprised of BC Hydro Pension Plan, College Pension Plan, Municipal Pension Plan, Public Service Pension Plan, Teachers’ Pension Plan, and WorkSafeBC Pension Plan.

Our Portfolio

BCI is invested in public and private equity; infrastructure and renewable resources; fixed income and private debt; as well as real estate equity and real estate debt through our independently operated platform company QuadReal Property Group. Investments are diversified by region and investment style, and guided by our clients’ tolerance for risk.

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Pooled Funds

Like a mutual fund, a pooled fund combines our clients’ contributions and invests in securities and other assets. We manage a range of portfolios with investment strategies that cover all major asset classes. Our investment products are designed with a medium to long-term investment horizon in mind, and we favour investments that can be held for long periods.

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