Asset Allocation
Brinley Partners Launches Inaugural CLO, Backed by $4B From Insurance Firm
The BCI-backed private credit firm plans to target companies in defensive sectors.
The Canadian pension fund’s asset value grew to C$295 billion, but its returns fell short of the benchmark for the fiscal year through March 31.
The $181 billion Canadian pension fund voted against management more than one-quarter of the time in fiscal 2023.
As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
The British Columbia Investment Management Corp. will also own a minority stake in the combined entity.
Fund’s new investment model emphasizes active management over indexing.