New Brunswick Investment Management Corp., Fredericton, returned a gross 14.18% on its investments for the 12 months ended March 31, said a preliminary report from the corporation.
The return helped assets managed by NBIMC rise to C$13 billion ($10.3 billion), up 12% from March 31, 2014, John Sinclair, president and CEO, said in a news release.
Of the asset gain, C$1.63 billion came from net investment gains, partially offset by net payouts of C$268 million.
The corporation manages the assets of the C$6.36 billion Public Service Shared Risk Plan; C$4.84 billion New Brunswick Teachers' Pension Plan and C$37 million Provincial Court Judges' Pension Plan, all in Fredericton. It also manages assets for New Brunswick municipalities.
Further details on the corporation's returns will be included in its next annual report, slated to be released this summer.
Efforts to reach Mr. Sinclair were unsuccessful.