Other Portfolios

Supplemental Arrangement

The Supplemental Arrangement is an extension to the UBC Faculty Pension Plan. It is a balanced portfolio containing 60% equities, 40% fixed income, serving about 1,000 members. The assets are managed through Phillips, Hager & North and Leith Wheeler Investment Counsel and administered by Industrial Alliance Insurance and Financial Services.

Income Replacement Plan

The Income Replacement Plan provides self-insured income replacement benefits for employees who qualify under the Plan’s provisions. Assets are invested in a 40% equities, 60% fixed income portfolio through Phillips, Hager & North.

Brain Research Centre Fund

The Brain Research Centre Fund consist of a pooling of monies received from the
Federal and BC Provincial governments to fund laboratory and construction costs for a learning and research centre dedicated to major advances in brain research. The Fund is managed by Leith Wheeler Investment Counsel and is structured as a passive / immunized portfolio of fixed income securities designed to provide cash inflows to broadly match predicted outlays required to cover operating and expected capital costs relating to a construction schedule.

Centre for Hip Health Fund

The Centre for Hip Health Fund consist of monies received from the BC Provincial government for construction and / or operating costs for a learning and research centre dedicated to major advances in hip health. The Fund is managed by Leith Wheeler Investment Counsel and is structured as a passive / immunized portfolio of fixed income securities designed to support a portion of the operating and expected capital costs relating to funding requests.

Core Working Capital Fund

The Core Working Capital Fund consists of monies from the reserves of the working capital pool of the university. These may include proceeds from provincial operating grants, tuition, private, corporate and government research grants, operating income and funds for capital projects. It is structured as a passive fixed income portfolio with Government of Canada, Provincial and agency bonds. The portfolio has a duration of approximately four years. Overall responsibility for the University's cash management rests with UBC Treasury.