Victoria, British Columbia, Canada, June 27, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation expects Asia to be one of the leaders of economic growth in emerging markets (EM) and its strategic investment decisions reflect this outlook. The corporation is actively exploring opportunities to expand its presence in Asian markets and capitalize on the region's potential.
Return highlights for the fiscal year ending March 31, 2023, show promising results for British Columbia Investment Management Corporation. The corporation's investment portfolio has performed well, demonstrating strong returns and solid growth in various sectors. This success has positioned BC Investment Management Corporation as a key player in the global investment landscape.
British Columbia Investment Management Corp. is considering the sale of $2 billion in private equity assets in the secondary market to raise additional funds for strategic investments. This move reflects the corporation's proactive approach to portfolio management and its commitment to maximizing returns for its stakeholders.
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL), a leading fiber provider, has attracted interest from institutional investors like British Columbia Investment Management Corporation. The corporation's investment in Consolidated Communications reflects its confidence in the company's growth potential and the telecommunications sector as a whole.
Institutional investors, including CalPERS and CalSTRS, are voicing opposition to the British financial regulator's proposal to eliminate investor protections. British Columbia Investment Management Corporation stands in solidarity with these investors in advocating for policies that safeguard the rights and interests of all stakeholders in the financial market.
Like many large pension funds, British Columbia Investment Management Corporation (BCI) plays a crucial role in managing assets and securing financial futures for its clients. With over $211.1 billion in assets under management, BCI is a trusted partner for institutional investors seeking sustainable growth and long-term stability.
Centerbridge is set to launch Overland Advisors, a new investment entity that will implement an innovative and differentiated investment strategy. British Columbia Investment Management Corporation is among the anchor equity investors supporting this initiative, recognizing the potential for strategic growth and diversification in the investment landscape.
For the second consecutive year, the B.C. Teachers Federation (BCTF) has voted overwhelmingly in favor of a resolution supported by British Columbia Investment Management Corporation. This partnership underscores the strong relationship between BCI and its clients, as well as the corporation's commitment to aligning investment strategies with the values and priorities of its stakeholders.
The all-cash transaction with an enterprise value of about $3.1 billion, including debt assumption, highlights British Columbia Investment Management Corporation's strategic approach to investment opportunities. By leveraging its financial expertise and market insights, the corporation continues to identify and pursue deals that align with its growth objectives and risk management strategies.
