British Columbia Investment Management Corp. – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 02 May 2024 13:26:41 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 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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]]> Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator https://www.benefitscanada.com/canadian-investment-review/alts/caisse-sells-1-3-of-shares-in-insurance-firm-bci-buys-ownership-stake-in-australian-agriculture-operator/ Thu, 29 Feb 2024 20:00:55 +0000 https://www.benefitscanada.com/?p=152500 The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

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]]> Canadian pension funds make top 10 list for largest annualized 10-year returns: report https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-pension-funds-make-top-10-list-for-largest-annualized-10-year-returns-report/ Wed, 14 Feb 2024 14:00:21 +0000 https://www.benefitscanada.com/?p=151778 Three of Canada’s largest pension plans are among the top 10 pension funds that generated the largest compound annualized returns between 2013 and 2022, according to a report by data platform Global SWF. The report, which measured the compound annual growth rate of pension funds’ single-year investment returns between fiscal 2013 and fiscal 2022, found […]

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]]> 2023 Investment Innovation Conference: Valuation reviews helping institutional investors navigate equity market uncertainties https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-investment-innovation-conference-valuation-variance-putting-pressure-on-institutional-investors/ Thu, 18 Jan 2024 12:47:19 +0000 https://www.benefitscanada.com/?p=149008 For institutional investors, valuation reviews will be critical in navigating equity market uncertainties, said Amy Chang, managing director and head of active global fundamental at the British Columbia Investment Management Corp., during the Canadian Investment Review’s 2023 Investment Innovation Conference in November. “I think this focus on business quality and looking at individual opportunities is […]

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]]> Caisse acquiring Brazilian power company, BCI closing $1.25BN bond issuance https://www.benefitscanada.com/canadian-investment-review/alts/caisse-acquiring-brazilian-power-company-bci-closing-1-25bn-bond-issuance/ Thu, 02 Nov 2023 15:00:37 +0000 https://www.benefitscanada.com/?p=146231 The Caisse de dépôt et placement du Québec is acquiring Brazil-based power transmission network company Integração Transmissora de Energia in a deal worth $108.5 million. According to a press release, the organization’s framework will be integrated into the investment organization’s existing Latin America power line company Verene Energia, with a network that spans through Brazil […]

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]]> BCI acquiring U.S. fiber communications provider https://www.benefitscanada.com/canadian-investment-review/alts/bci-acquiring-u-s-fiber-communications-provider/ Thu, 19 Oct 2023 15:00:51 +0000 https://www.benefitscanada.com/?p=145557 The British Columbia Investment Management Corp. is acquiring U.S.-based fiber communications solutions provider Consolidated Communications Holdings Inc. in a joint transaction with private investment firm Searchlight Capital Partners. The acquisition will be worth about US$3.1 billion. The purchase agreement price suggested a 70 per cent premium to Consolidated Communications’ public share price at April 12, […]

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]]> 2023 Risk Management Conference: A look at BCI’s transformation from a decentralized to a centralized trading approach https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2023-risk-management-conference-a-look-at-bcis-centralized-trading-approach/ Wed, 18 Oct 2023 11:48:16 +0000 https://www.benefitscanada.com/?p=144320 A centralized trading approach forms the backbone of the recently revamped British Columbia Investment Management Corp., offering a more protective process for its stakeholders, according to Carmen Firmani, senior manager of client relations at the BCI, speaking during the Canadian Investment Review’s 2023 Risk Management Conference. She detailed the BCI’s transformation from a passive to a […]

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]]> BCI investing in new loan operator, Canadian pension-backed Swedish battery maker to open facility in Quebec https://www.benefitscanada.com/canadian-investment-review/alts/bci-investing-in-new-loan-operator-canadian-pension-backed-swedish-battery-maker-to-open-facility-in-quebec/ Tue, 03 Oct 2023 15:00:48 +0000 https://www.benefitscanada.com/?p=144394 The British Columbia Investment Management Corp. is part of an investing group backing a new financial operator from Centerbridge Partners and Wells Fargo & Co. The new entity, Overland Advisors, will oversee the creation of senior secured loans for middle-market companies. The BCI is part of a $2 billion initial equity commitment. “Direct lending provides […]

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]]> BCI pushes past $200BN mark with 7.4% returns in fiscal 2022 https://www.benefitscanada.com/canadian-investment-review/cir-news/bci-pushes-past-200-billion-mark-with-7-4-returns-in-fiscal-2022/ Thu, 21 Jul 2022 16:30:50 +0000 https://www.benefitscanada.com/?p=124575 The British Columbia Investment Management Corp. generated returns of 7.4 per cent during the year ending on March 21, 2022, according to its annual report. During the year, the investment organization’s net assets surpassed the $200-billion mark, rising from $199.6 billion to $211.1 billion. The results were hampered by the Russian invasion of Ukraine and […]

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