BCIMC Exceeds Benchmark With 9.5% Annual Return

Pension fund manager British Columbia Investment Management Corp. (bcIMC) reported a one-year annual return of 9.5 percent, net of fees, for the year ending March 31, 2013. Driven by results in domestic real estate and public equities portfolios, performance exceeded a combined benchmark of 7.8 percent. Over the same period, private placements returned 13.7 percent (unaudited), against a 15.5 percent benchmark. The Victoria-based bcIMC manages a global portfolio of over $100 billion in assets.

CanadaNorth AmericaBriefs