Investments

Included are annual reports for Vestcor and its two entities: Vestcor Investment Management Corporation and Vestcor Pension Services Corporation.

Note that annual reports for Vestcor Investment Management Corporation, formerly the New Brunswick Investment Management Corporation, are also included.

Vestcor Annual Report 2021 Vestcor Annual Report 2020 Vestcor Annual Report 2019 Vestcor Annual Reports NBIMC Annual Report 2002-2003 NBIMC Annual Report 2003-2004 NBIMC Annual Report 2004-2005 NBIMC Annual Report 2005-2006 NBIMC Annual Report 2006-2007 NBIMC Annual Report 2007-2008 NBIMC Annual Report 2008-2009 NBIMC Annual Report 2009-2010 NBIMC Annual Report 2010-2011 NBIMC Annual Report 2011-2012 NBIMC Annual Report 2012-2013 NBIMC Annual Report 2013-2014 NBIMC Annual Report 2014-2015 NBIMC Annual Report 2015-2016 Vestcor Annual Report 2016 Vestcor Annual Report 2017 Vestcor Annual Report 2018

On behalf of its clients, Vestcor is an active investor in private equity, real estate and infrastructure assets. Our program focuses on fund investments (i.e., limited partnerships), co-investments and, under certain circumstances, direct investment involvement. We also have a successful track record of direct co-investment in private business opportunities with like-minded investors in our home province of New Brunswick and the larger Atlantic Canada region.
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Private Market and Co-Investment Program Overview

Counterparty Selection, Monitoring and Approval Guidelines

Vestcor Glossary of Terms (Interactive) Vestcor Glossary of Terms (PDF)

Vestcor Investment Entity Profiles

The following Pooled Fund Profiles are supplied to clients by Vestcor to provide an overall description, set of operating characteristics, and applicable investment guidelines for each pooled investment fund. Management also retains the right from time to time to set more restrictive operating guidelines, in the best interests of the Fund, as part of their internal Investment Procedures Manual.

The following information is being provided as an overview of Vestcor’s investment activities and the general financial market conditions experienced during the noted reporting period.

Please note that the following material is specific to Vestcor’s activities, and is presented for information purposes only. It does not constitute investment advice in any way, and no guarantee is provided as to its completeness or appropriateness. We recommend that readers consult a professional advisor with respect to their own specific financial matters.

Quarterly Market Update at September 30, 2024 Quarterly Market Update at June 30, 2024 Quarterly Market Update at March 31, 2024 Quarterly Market Update at December 31, 2023 Quarterly Market Update at September 30, 2023 Quarterly Market Update at June 30, 2023 Quarterly Market Update at March 31, 2023 Quarterly Market Update at December 31, 2022 Quarterly Market Update at September 30, 2022 Quarterly Market Update at June 30, 2022 Quarterly Market Update at March 31, 2022 Quarterly Market Update at December 31, 2021 Quarterly Market Update at September 30, 2021 Quarterly Market Update at June 30, 2021 Quarterly Market Update at March 31, 2021 Quarterly Market Update at December 31, 2020 Quarterly Market Update at September 30, 2020 Quarterly Market Update at June 30, 2020 Quarterly Market Update at March 31, 2020 Quarterly Market Update at December 31, 2019 Quarterly Market Update at September 30, 2019 Quarterly Market Update at June 30, 2019 Quarterly Market Update at March 31, 2019 Quarterly Market Update at December 31, 2018 Quarterly Market Update at September 30, 2018 Quarterly Market Update at June 30, 2018 Quarterly Market Update at March 31, 2018 Quarterly Market Update at December 31, 2017 Quarterly Market Update at September 30, 2017 Quarterly Market Update at June 30, 2017 Quarterly Market Update at March 31, 2017 Quarterly Market Update at December 31, 2016

Vestcor follows Responsible Investment Guidelines in executing its ownership responsibilities. As a long-term investor, Vestcor seeks to enhance shareholder value for the benefit of the funds under our management. Our Responsible Investment Guidelines are based on two objectives:
– Maximize risk-adjusted investment returns; and
– Protect accumulated assets.
A copy of our Responsible Investment Guidelines is available below.

Responsible Investment Report 2024 Responsible Investment Report 2023 Responsible Investment Report 2022 Responsible Investing Guidelines

Under Canadian securities regulation, institutional investors such as Vestcor are required to provide their broker/dealers and securities custodians with certain details to facilitate the settlement of a security trade. In particular, an institutional investor must provide details with respect to the underlying client accounts managed by it, and must instruct the custodian to release funds and/or securities to the clearing agency. The dealer, in turn, must issue a customer trade confirmation containing required information pertaining to the trade.

The Canadian Securities Administrators have issued National Instrument 24-101 to mandate registrants including dealers to take all necessary steps to match a trade as soon as practicable after the trade is executed and in any event, currently no later than noon on the business day following the day on which the trade was executed. Dealers are required to enter into either a written trade-matching compliance agreement or obtain signed trade-matching statements from their institutional clients before they can execute trades on their behalf.

Vestcor has opted to issue a signed Trade Matching Statement to for our broker/dealers.

Vestcor Trade Matching