Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceNewsPension BCI shuts two stock funds, cites shrinking public poolBCI, which had $251.6 billion in net assets as of March 31, 2025, said it will remain active in other areas of equitiesAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.The pension manager said it has shifted the responsibilities of several individuals within capital markets, and that several others have left BCI. Photo by NICK PROCAYLO/PostmediaBritish Columbia Investment Management Corp. is closing two global stock-picking strategies that oversee about $4.3 billion, as it contends with a contracting pool of publicly listed firms.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe pension fund manager is retiring two internally managed global strategies focused on thematic and fundamental equities, BCI said in an emailed statement to Bloomberg. The strategies, Global Active Thematic Equities and Global Active Fundamental Equities, make up about 7.2 per cent of its public equities portfolio.“The opportunity set for active fundamental stock selection in global developed equities has reduced materially — fewer listed companies, growth companies staying private for much longer, higher index concentration and a narrower path to alpha,” BCI’s global head of capital markets and credit investments, Daniel Garant, said in the statement.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe rise of passive investing has further reshaped markets in recent years, with investors directing more capital toward index funds and low-cost exchange-traded funds. At the same time, increasing concentration in major benchmarks — driven in part by the so-called Magnificent Seven group of tech and growth stocks — has diminished the payoff of stock picking.Meanwhile, private capital is keeping high-quality businesses private for longer, BCI said in the statement. Other firms are staying away from the public markets because of regulatory costs and quarterly reporting mandates, according to the pension manager.BCI, which had $251.6 billion in net assets as of March 31, 2025, said it will remain active in other areas of equities, including Canadian large-cap stocks, global quantitative active strategies and global emerging markets.The pension manager said it has shifted the responsibilities of several individuals within capital markets, and that several others have left BCI. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.