The Globe and Mail reports in its Thursday edition that B.C. Investment Management Corp. earned an average return of 10 per cent last fiscal year, missing its internal benchmark but showing its ability to make deals in a volatile market. The Globe's James Bradshaw writes that the 10-per-cent return combines the performance of Victoria-based BCI's six largest pension-plan clients for the year that ended March 31. BCI added $21.9-billion of investment income after fees. The internal benchmark BCI uses to measure its performance gained 12.3 per cent. BCI is one of several Canadian pension funds with broad portfolios of public and private assets that have struggled to keep pace with benchmarks focused on public equities, most notably big U.S. tech players. Fewer of BCI's new investments have been in the United States, where 39 per cent of the pension fund's assets are invested, as continuing uncertainty over tariffs and potential tax changes shifts the balance of risk and return. BCI's private-equity group, which earned a 13.4-per-cent return, made $2.2-billion of new investments and sold two of the largest assets in its portfolio, one of which was a stake in Internet provider Ziply Fiber, which sold for $5-billion to BCE.