Financial Structure
Established by the Province of British Columbia through acts of legislation, and initially infused with two deposits totalling $185 million, Northern Development manages seven trust accounts as follows:
Investment Overview
Northern Development’s investments are managed by SEI Investments Canada Co., an investment firm which employs a “manager of managers” investment strategy. This strategy is where SEI selects top investment managers in each asset class globally and gives each of them a mandate to make investment decisions within a certain style. This combination of styles enhances overall diversification and serves to reduce risk, while benefiting from the broader market performance. The Statements of Investment Policy and Procedures for each account have been endorsed by Northern Development’s Board of Directors.
Overview of Investment Asset Allocation Targets
| Account | Fixed Income | Equity |
| Northwest Regional Development | 53% | 47% |
| Northeast Regional Development | 44% | 56% |
| Cariboo-Chilcotin/Lillooet Regional Development | 46% | 54% |
| Prince George Regional Development | 45% | 55% |
| Pine Beetle Recovery Account | 56% | 44% |
| Cross Regional Account | 50% | 50% |
| Operating Endowment Account | 50% | 50% |
| Overall Account Allocation |
50% | 50% |
Investment Portfolio
Northern Development is currently invested in the following funds managed by SEI Investments Canada Company:
| Fund | Managers |
| Canadian Equity Fund - (Canadian Large Companies) |
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| Canadian Fixed Income Fund - (Canadian Universe Bonds) |
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| EAFE Equity Fund - (International Large Companies) |
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| Enhanced Global Bond Fund - (Global Bonds) |
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| Money Market Fund - (Money Market) |
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US Mid-Cap Synthetic Equity Fund |
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| Real Return Bond Fund - (Real Return Bonds) |
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| Short-term Bond Fund - (Short-term Bonds) |
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| US Large Company Equity Fund - (US Large Companies) |
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