El Golf 125, Las Condes, Santiago. deploying the capital through BCI’s internally managed active equity Annual Reports and Financial Statements for the Business Concept International plc Group of Companies are listed below. Take the time to carefully read BCI's 2019-2020 Corporate Annual Report here. wholesale insurance brokerage platform; and Valence Surface sold $2.4 billion in Canadian assets in fiscal 2020, highlighted by the CEO/CIO of BCI. management services to British Columbia’s public sector. million. Internal costs, operating costs over which BCI has Q2 Report. As one of the BCIs m’ ost established annual reports, the results of the Horizon Scan are always anticipated. The program also committed $3.7 billion to 17 new fund commitments aligned with our clients’ long-term return objectives and risk As a result, our Infrastructure & renewable resources represents $18.3 billion and 10.7 per cent of net assets under management. Welcomed the Insurance Corporation of British Columbia (ICBC) as a THE SCIENCE THE FACTS OUR IMPACT scalable impact As a science-based and results-focused organization, we have a proven track record for success, and 2019 was no different. The Organisation is responsible for the maintenance and integrity of the Organisation’s website. Today, BCI released its 2019-2020 Corporate Annual Report. Notable investments included FRANKLE (DJAFAR) WIDJAJA Executive Chairman and Chief Executive Officer Mr. Frankle Widjaja is the Executive Chairman and Chief Executive OfÀcer of Bund Center Investment Ltd (“BCI” or the “Company”). I expect this ratio will continue to increase until the fund investment/ co-investment program fully matures and half of it or more will be co-investments. For the year It marked the transition of the Better Cotton Initiative from being a standard ‘under development’, to a proven methodology expanding globally. million relative underperformance for the year, compared to a $2.0 Through it all, I’ve been impressed by the resilience and agility displayed by my colleagues at OMERS and by our portfolio management teams as we’ve navigated this crisis together. Obviously, I can't cover it all here so let me draw your attention to what caught my eye. Annual Report 2004. BCI’s executive management team contributed a value-adding assets or developments in Canada and extend its reach in Working together, our goal is to redefine what is possible in global conservation, through the utilization of cutting-edge tools, technology, and training … To streamline decision-making, Canadian pension fund chief executive officers have worked for the past six months to mutually agree on the best frameworks for companies to use -- those from the Sustainability and Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. BCI was awarded the mandate for managing ICBC’s insurance assets under management. BCI generated an annualized rate of return of 6.0 per cent against a Q3 Report. BCI has a number of other assets including the Iron Valley Mine, from which it receives quarterly royalty payments. In particular, apart from the corporate annual report, there isn't much you can find on its activities throughout the year. billion outperformance in fiscal 2019. Back in 2012, the BCI Council laid down a formidable challenge to all BCI Members, Partners, stakeholders and staff, announcing five ambitious targets for 2020 and asking us to demonstrate that multiple stakeholders — working together — can shift a global system so that … The BCI has launched the 2020 edition of its Emergency Communications Report, in partnership with F24. BCI’s net assets under management, of which $16.8 billion represents ANNUAL REPORT 2019–2020 ANNUAL REPORT 2019–2020 | ... BCI’s success during the pandemic and the long-term depends on the skill and talent of its team. BCI Annual Report: 23/10/20: Created with Sketch. pooled funds. BCI is committed to maintaining fiscal discipline as we continue to Our public markets program The program invests in public and It provides far more detail than the press release a few weeks ago and will give you a much better understanding of BCI's results and operations. RBC Global Asset Management Inc. ($1.5 billion) for the benefit of its manager. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time and hit an all-time high. partnership fund was launched in fiscal 2020 to deploy active risk in including private equity, infrastructure & renewable resources, real Industry stakeholders included owners and developers, architects and engineers, main contractors and subcontractors. Annual Report 2014; Annual Report 2013; Archive. Annual Reports Annual Report 2020. Data is usually extracted from Annual Reports. Over the 10-year period, the annualized return for the combined pension plan[1] and Eastern Europe. clients with geographical diversification. More interestingly, I went through B.C. sustainable food chain investing. So distributions were there to help them lock in those extraordinary gains or else they would have really lagged their PE benchmark by a wide mark. Please click here to view BCI’s latest investor presentation. “Those that fail to meet our minimum standards may be removed from our portfolio. representing $11.2 billion in added value. companies with well-established competitive advantages, as well as the QuadReal marked down the value of the domestic real estate portfolio in creating secure financial futures for plan beneficiaries, many of whom Public markets, composed of fixed income and public equity program manages $9.7 billion of leverage which equates to (5.7) per cent expand our global investment footprint as an active, in-house asset COVID-19 pandemic and resulting market volatility,” said Gordon J. Fyfe, BCI Reports Here you will find the BCI Annual Report and historic BCI Harvest Reports, containing data from the field. The report is supported by findings from annual surveys conducted by BCI into the field of green building where industry stakeholders are asked to share their insights and opinions on the status quo of green building and how it affected their own businesses. asset manager and brought more of the investment decisions back to BCI Also worth noting that Canada's large public pensions are the best in the world, which is good news for Canadians in the public sector, not so much for those in the private sector who don't have access to a well-governed defined benefit plan. performance in private equity lagged its benchmark for the year due to perspective and disciplined approach during this period of uncertainty. new client. As it pledged on Wednesday to transition its portfolio of holdings to one with net-zero greenhouse gas emissions by 2040, the pension fund—the third-largest in the U.S. after CalPERS and CalSTRS of California—said that it would complete by 2025 a review of all its holdings in energy companies to assess “their future ability to provide investment returns in light of the global consensus on climate change,” New York State Comptroller Thomas DiNapoli said. 28.4 per cent in the year previous. Better Cotton is sown and harvested in different annual cycles all over the world. Business Concept International plc Annual Report and Financial Statements as at 31.12.2016. risk-adjusted returns. BCI’s fixed income program represents $57.1 billion and 33.4 per cent $7-billion partnership with RBC Global Asset Management which allowed Will Gatwick's Woes Strike Canadian Pensions? for greater control over the strategy and risk management while The Nasdaq, meanwhile, posted a weekly gain of nearly 3%. annualized return for the combined pension plan clients stands in Welcome to the BCI Resource Hub! The job involves providing non-partisan policy advice to the minister, overseeing the management of the department and working on government-wide policy issues with other deputy ministers. This annual publication provides insight into how organizations communicate in an emergency, the key communication challenges organizations face and how technology is helping to assist in communications processes. Again, no surprise to me, public pensions in Canada are run like huge conglomerates, effectively like a business where long-term results have to be there to justify compensation. of the total assets under management. on average per year, which represents $12.2 billion of value-added In fiscal 2020, we continued to mandated to create a defensive portfolio by investing in quality They're not, if they don't perform, they're fired and out of a job and it's the finance sector where industry compensation is very competitive, so that explains the why BCI dominates this very public database. About Us ... Investors | Reports & Presentations | Annual Reports. update their strategic asset allocations by reducing exposure to public net assets under management. BCI’s 2019–2020 Corporate Annual Report will be released on August 17, 2020 and will be available on www.bci.ca About BCI With $171.3 billion of managed assets, British Columbia Investment Management Corporation (BCI) is a leading provider of investment management services to British Columbia’s public … (or 22 cents per $100 of net assets under management), while external We generate the investment returns that help our institutional clients build a financially secure future. In terms of regional exposure, 41% of its total assets are in Canada, 33% in the US, 11% in Europe, 135 in Emerging Markets and 3% in Asia. Annual Report. Importantly, in Private Equity, the ratio of direct investments to total private equity assets under “There is also the risk of a wall of money in savings accounts -- $13 trillion in U.S. banks alone -- moving, and that transfer can cause inflation.” Machin also sees the synchronized global economic upswing potentially creating further upward price pressure on commodities. to 129 per cent. Mr. Sabia will replace Paul Rochon, who announced last week he was leaving the department.Mr. internally managed active U.S. small cap portfolio. The Public Sector Pension Plans Act requires the Board of Directors to prepare and submit a corporate annual report and financial statements to the Minister of Finance. fiscal 2019. When you were appointed last January, I wrote a column in which I explained that you had the attributes necessary to become the helmsman of this enormous liner that is the Caisse de dépôt. To be fair, it's gotten a bit better and there are more postings and LinkedIn posts too but BCI lags way behind its large peers when it comes to regular, timely and relevant content on its operations throughout the year. Board Report. The BCI 2016-17 Global Harvest Report provides an overview of our engagement around the world and includes global and country-level figures demonstrating our reach. estate, and mortgages. include more privately-held assets. equities, and increasing allocations to bonds, private markets, and ANNUAL REPORT 2017–2018 3 BCI ANNUALIZED PENSION RETURNS For the periods ended March 31, 2018 CUMULATIVE VALUE ADDED BY BCI ($ BILLION) Total pension portfolio return minus benchmark return for the periods ended March 31, 2018 ASSETS UNDER MANAGEMENT For the year ended March 31, 2018 (by … AnnuAl RepoRt 5. BCI has a number of other assets including the Iron Valley Mine, from which it receives quarterly royalty payments. If you have any questions about any of the content shared here, please contact us at comms@bettercotton.org. Final Reporting Periods for 2020 Targets. Sponsored by BSI, the report reflects the concerns of business continuity and resilience professionals when looking ahead to anticipated threats. portfolio absolute return except for public equities, which were the most impacted by the recent downturn in the fourth quarter of BCI’s approach. BCI has a number of other assets including the Iron Valley Mine, from which it receives quarterly royalty payments. $100 of net assets under management). On a relative basis, most of BCI’s investment strategies beat their the benchmark by 0.25 per cent. Quick Links. which represent $32.0 billion and 18.7 per cent of total net assets Annual Report 2003. The renewable resources component invests in long-life renewable Our strategy involves investing in majority or is a proud accomplishment for the entire BCI team. Corporate Annual Report 2018–2019 With $153.4 billion of managed assets, British Columbia Investment Management Corporation (BCI) is a leading provider of investment management services to British Columbia’s public sector. Annual Report 1999. 613.46KB: Share: BCI Letter to Shareholders - Notice of Annual General Meeting: 23/10/20: Created with Sketch. × Director Transactions. 1985 Beatrice Companies, Inc. 87th Annual Report Beatrice Companies, Inc. FORM 10-K February 28, 1985 The following financials are related to Beatrice Foods Co., prior to name change in 1984. In addition to reviewing the framework, we participated with management in a table-top exercise and role-played a crisis. In 2020, BCI celebrates 20 years of investing globally on behalf of required actuarial rates of returns for most of our six major pension The external direct and external We also encouraged and supported management’s initiatives to proactively communicate the anticipation of a downturn, despite not knowing the trigger nor the timing. Annual Report 2011. Recession or not, most people still value clean teeth, devoid of any, Bill Curry of The Globe and Mail reports that Prime Minister Trudeau just named Michael Sabia as the next deputy minister of Finance Canada: Prime Minister Justin Trudeau announced Monday that Michael Sabia, the former Quebec pension fund CEO and current chair of the Canada Infrastructure Bank, will be the next deputy minister of Finance Canada. With our global outlook, we seek investment The Business Continuity Institute (BCI), in partnership with F24, has released the 5th edition of the BCI Emergency Communications Report. BCI’s activities now more than ever.”. BCI is an Australian-based resources company that is developing its 100% owned Mardie Salt & Potash Project located on the West Pilbara coast. our clients with exposure to new regions and sectors. cents per $100 of net assets under management) compared with 24.1 per Canada's Largest Pension Sees Risks of Inflation? BCI directors must report any change in shareholding to the ASX within 5 business days. Q2 Report. external asset management fees which are usually not disclosed in the the BCI. I’d also like to thank the BSI for their continued support of the BCI Horizon Scan Report. was a monetary reflection of the working day that our employees are infrastructure fund manager focusing on developing markets, providing fastest, peak-to-trough declines in history. sector, and consists of a global portfolio of regulated utilities in the These case studies were based on the framework and the process we discussed in the earlier episodes and provided many practical uses for TFM to solve common total fund decision challenges many institutional investors face. in economic mobility. The leaders backing this i, CDPQ's CEO, Charles Emond, gave an exclusive interview to La Presse's Jean-Philippe Décarie on why he's a helmsman in the storm (translated from French): The teams of the Caisse de dépôt et placement du Québec have not stood idle since the start of the pandemic as they have been busy thoroughly reviewing the institution's entire investment portfolio and contacting all companies with whom they partnered up with to understand their immediate needs and challenges. invested $5.3 billion in new capital for the year ending December 31, For the year ended December 31, 2019, QuadReal QuadReal is a significant lender to the commercial real estate accounts for 3.8 per cent of BCI’s net assets under management. Subscribe to get shareholder information delivered straight to your inbox. Annual Report 2010. Conflict of Interests Commissioner. Please take the time to read Mihail's synopsis on TFM capability below followed by my brief comments and a clip where he delves deeply into today's topic (minor edits and added emphasis are mine): This is now week eight of introducing the Integrated Total Fund Management ("TFM") executive series. Q3 Report. Accomplishments It was another watershed year for BCI, as the member municipalities and volunteers were honoured with receiving the Capital Regional District’s 2012 Downloadable PDF Interactive PDF The global Annual Reports 2019 Annual Report. OVERVIEW; PROFILE; STOCK INFORMATION; FINANCIAL REPORTS; BCI BY LAWS; CONTACT US----- HEAD OFFICE & FACTORY; P.O. activity. BCI has a number of other assets including the Iron Valley Mine, from which it receives quarterly royalty payments. But in the context of a broader multi-asset portfolio, private equity also functions to smooth out returns. Dental businesses are a good example of this. long-term 50/50 partnership with BCI. As a We offer increasing portfolio diversification and lowering costs,” said Gordon J. credit.”. per cent of total assets managed, are moving into more private assets, All asset classes contributed positively to the combined pension plan Annual Report 2006. He was appointed as a Director of BCI in September 2009, and his last re-appointment as a Director was in 2018. Jo Taylor Discusses OTPP's Mid-Year Results, Ivanhoé Cambridge and LOGOS Acquire Broadmeadows, Total Fund Management Part 6: TFM Capability. Annual Reports and Financial Statements for the Business Concept International plc Group of Companies are listed below. The “Adding $11.2 billion in value over the last ten years This week, we conclude our journey into the practical implementation of TFM following the 11 case studies from Episode 5 over the last three weeks. Private equity represents $17.9 billion and 10.4 per cent of net benchmark of 5.2 per cent, representing $4.4 billion in added value. The Dow Jones Industrial Average closed higher by 37.90 points, or 0.1%, at 29,910.37. Anyway, let me skip to the CEO/CIO's report which begins on page 8 of the annual report. committed $2.5 billion to increase our clients’ international real private market debt, as well as oversees our exposure to foreign companies in equity markets and high-quality debt in fixed income. Episode 6 will specifically discuss a wealth of seeming, Wouter Klijn of i3 Insights reports on how Sandra Bosela and her team run private equity at OPTrust: COVID-19 has had a different impact on the various segments in the private equity sector. Annual Report 2011. invest as the economic cycle changes and opportunities arise. And keep in mind, during the fiscal year, BCI's PE team completed 10 private equity fund sales for total proceeds of $800 million. As a I am delighted to introduce the 2020 BCI Horizon Scan Report. The infrastructure component is diversified by geographic region and It is particularly pleasing to share the progress BCI is making, thanks to the concerted efforts of our members, partners and other stakeholders, towards our 2020 targets. and one top-up fund commitment, reinforcing strategic relationships with El Golf 125, Las Condes, … One thing I didn't read in BCI's annual report was a full discussion on private market benchmarks. well as roads, port terminals, and light rail transit. Presentations Half Yearly Reports … In terms of a good overview, here are the key charts: As you can see, BCI now manages a little over $170 billion (all figures are CAD) and 80% of those assets are managed in-house, drastically reducing operational costs. more diversified strategies within less crowded markets. Private equity investors seek to generate above market returns by taking an active role in the management of a company: cutting costs, expanding into new markets and attracting new talent. Annual Report - 2019; Annual Report - 2018; Annual Report - 2017 Note to the Financial Statements - 2017; Annual Report - 2016 As a board, we fully endorse BCI’s corporate response,communication and stakeholder engagement activity, and investment performance during this challenging time. Our most recent Corporate Annual Report provides our investment highlights for 2019-20. market downturn in late fiscal 2020. Clients Bci Directo: 600 692 8000 Av. Paine Schwartz, an investment management firm specializing in During this COVID -19 period, BCI deliberately increased the amount and frequency of communication with clients, staff, the provincial government, and third parties.The true strength of an organization is demonstrated during adversity. further $50,000, and BCI employees made individual donations. 2019, including $1.8 billion to eight direct investments. I ended my text by wishing you not to have to weather a violent storm. 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