bcIMC earns 12.4 pct return in fiscal 2017, assets hit $13.6 bln
The British Columbia Investment Management Corp (bcIMC) reported a 12.4 percent annual return in fiscal 2017, versus a combined market benchmark of 11.7 percent. This resulted in $680 million in added value, bringing bcIMC's total assets under management to $13.6 billion. Performance was supported by infrastructure, private equity, real estate and renewable resources, all of which delivered above-benchmark returns. The pension fund committed $9.9 billion to illiquid assets in the fiscal year. Private equity's allocation stood at $7.8 billion or 5.8 percent of the total.
19 July 2017•3 mins read
