B.C. pension manager posts positive return in 2022 despite market turbulence

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British Columbia Investment‘s annual return for the fiscal year ending March 31 outpaced its benchmark of by its widest margin eve

reported a 3.5 per cent return in its latest fiscal year, weathering turbulent markets for stocks and bonds and beating its benchmarkSome of the strongest returns BCI earned came from private assets, such as investments in infrastructure and renewable resources, which gained 9.2 per cent, as well as private equity, which increased 4.7 per cent. Private asset returns were broadly less volatile last year, helping insulate pension plans from plunging stock and bond values.

“It was very turbulent, all of 2022,” said Ramy Rayes, BCI’s executive vice-president of investment strategy and risk, in an interview. “We were positioned for it, though.” “In our view, that’s going to be the reality of the next year or two where every ounce of excess return will count and active management will be extremely important,” he said.

 

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