The Canadian Investment Review’s Sustainable Investing Award will be presented to a pension plan that has shown leadership and/or significant progress when it comes to incorporating sustainability into the investment process. This will consider sound practices related to environmental, social and governance matters across asset classes and can include considerations related to people management within […]
For years, a major public sector pension governance time bomb has been hidden in plain sight. But it may be too late to alert the bomb squad; the coronavirus pandemic and climate change may have already activated a countdown that can’t be stopped. Investment management is a key component of sustainability and central to any pension governance […]
A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million in equity commitments from Canadian institutional and individual investors. The second round, which closed on Oct. 30, 2020, exceeded subscription targets and comes on the heels of the initial closing […]
A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million in equity commitments from Canadian institutional and individual investors. The second round, which closed on Oct. 30, 2020, exceeded subscription targets and comes on the heels of the initial closing of $1.25 […]
The Canadian Investment Review launched the first annual Pension Leadership Awards in 2020 to recognize and award leading plan sponsors across several categories who are on the leading edge of pension investments. Over the past few months, a panel of expert judges has reviewed the nominations. We are pleased to announce the finalists for this […]
Canadian institutional investors representing more than $2.3 trillion in assets under management have signed a new statement on diversity and inclusion. The list of signatories on the joint statement, which was coordinated by the Responsible Investment Association, includes the Alberta Investment Management Corp., Bâtirente, the British Columbia Investment Management Corp., the Caisse de dépôt et […]
The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. The transaction totals an equity commitment of about US$3.4 billion, with the investors buying a 100 per cent stake in the company from Reliance Industrial Investments and Holdings Ltd., a wholly-owned subsidiary of Reliance Industries Ltd. “For BCI […]
In the wake of the pandemic-related market volatility that battered already challenged public sector defined benefit plans in the U.S., a recent paper by New York University’s Stern School of Business is arguing that Canadian-style reforms could help secure these plans for the long term. “The COVID-19 pandemic introduced new fissures in state and local […]
The British Columbia Investment Management Corp. rounded out its fiscal year with a three per cent return, slightly underperforming its 3.3 per cent benchmark. In dollar terms, the BCI added $17.8 billion as of March 31, 2020, rounding to a total $171.3 billion in assets under management. The three per cent return represented something of […]
QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., has issued $350 million of 1.747 per cent series-2 senior notes maturing July 24, 2030, through BCI QuadReal Realty. The issuance is BQR’s inaugural green bond offering. “On the back of a successful inaugural issuance and continuing low interest rate […]