Advancing systems, capabilities, partnerships and expertise to build futures.

UBC Investment Management released its FY23-24 Annual Report today, delivering strong performance on behalf of the funds we manage, The University of British Columbia Endowment and the UBC Staff Pension Plan, while at the same time furthering our efforts in support of the funds’ responsible investing goals.

“As our strategic transformation continues, the past year saw us leverage the foundation we’ve put in place to deliver strong returns and drive long-term performance,” says UBC Investment Management President and CEO Dawn Jia. “We have benefited from the work we’ve done to ensure the stability of our portfolios despite short-term market volatility, while at the same time not losing sight of our long-term goals of building a strong future for the university community.”

FY23-24 highlights include:

• Total Assets Under Management grew to $6.2B, an increase of $339M in one year driven by investment returns of $491M
• Investment returns from UBC’s Main Endowment Pool were 12.1% on a year-over-year basis
• The UBC Staff Pension Plan realized returns of 8.4%

FY23-24 also saw UBC Investment Management advance its Responsible Investing strategy to help both UBC and the Staff Pension Plan advance their own objectives related to environmental and social considerations. Highlights include:

• At year-end, the Endowment fund’s carbon footprint was 49% lower than the baseline levels set in 2019, and its carbon intensity 55% lower
• Carbon footprint and intensity measures for the UBC Staff Pension Plan have both decreased by 35 and 39% respectively over the same period
• Using our proprietary Manager Assessment framework, our team conducted approximately 50 manager reviews to assess the ESG performance of each external manager we work with on behalf of the funds we manage

A copy of the FY23-24 Annual Report can be found here.

For more information, contact: info@ubcim.ca