BCI Annual Report

bcIMC Corporate Annual Report

Issue link: http://read.uberflip.com/i/702930

Contents of this Issue

Navigation

Page 1 of 67

A N N U A L R E P O R T 2 0 1 5 – 2 0 1 6 With $121.9 billion of managed assets, the British Columbia Investment Management Corporation (bcIMC) is one of Canada's largest institutional investors within the global capital markets. We offer our public sector clients responsible investment programs across a range of asset classes: fixed income; mortgages; public and private equity; real estate; infrastructure; renewable resources; and long-term strategic themes. Our investments provide the returns that secure our clients' future payments and obligations. About bcIMC Contents 2015–2016 Investment Highlights ................................................................................................................................ 1 bcIMC at a Glance ........................................................................................................................................................... 2 Message from the Chair ................................................................................................................................................. 4 Report from the CEO/CIO .............................................................................................................................................. 6 Management's Discussion and Analysis.................................................................................................................. 9 bcIMC in Brief ..........................................................................................................................................................10 Our Clients ...............................................................................................................................................................11 2015–2016 Key Corporate Accomplishments .....................................................................................................12 2016–2017 Key Corporate Objectives ..................................................................................................................13 Capital Markets Overview ......................................................................................................................................14 Investment Returns ................................................................................................................................................15 Return Summary for the Combined Pension Plan Clients .................................................................................16 Fixed Income ...........................................................................................................................................................17 Mortgages ................................................................................................................................................................18 Public Equities .........................................................................................................................................................19 Private Equities ........................................................................................................................................................20 Infrastructure ..........................................................................................................................................................21 Real Estate ...............................................................................................................................................................22 Renewable Resources ............................................................................................................................................23 Risk Management ...................................................................................................................................................24 Responsible Investing .............................................................................................................................................26 Corporate Governance ..............................................................................................................................................27 Our Board of Directors ...........................................................................................................................................28 Our Corporate Governance ...................................................................................................................................32 Compensation Discussion and Analysis ....................................................................................................................34 Corporate Financial Statements .............................................................................................................................41 Our External Managers and Partners ........................................................................................................................63 Our Executive Management Team .............................................................................................................................64

Articles in this issue

view archives of BCI Annual Report - bcIMC Corporate Annual Report