Canada pension plan's assets rise to over $300 bln: Reuters - PE Hub

Canada Pension Plan Investment Board, Canada’s biggest public pension plan, said it ended the second quarter of its fiscal year with $300.5 billion in assets, up from $287.3 billion three months earlier.

CPPIB, which manages Canada’s national pension fund and invests on behalf of 19 million Canadians, said it delivered gross investment returns of 4.83 percent in the second quarter, or 4.75 percent net of all costs. That compared with returns of 1.5 percent in the previous quarter.

“All investment departments contributed to the fund’s overall performance this quarter with solid gains across public and private markets,” said Mark Machin, CPPIB’s chief executive.

A report by RBC Investor & Treasury Services earlier this month showed Canadian pensions achieved average returns of 4.2 percent in the last quarter, benefiting from strength in global and Canadian equities markets.

Despite pursuing a strategy of diversifying into alternative asset classes such as infrastructure, private equity and real estate, the majority of CPPIB’s investments remain in public equities and fixed-income markets.

(Reporting by Matt Scuffham; Editing by Chizu Nomiyama and Jonathan Oatis)

Photo of Mark Machin, president and CEO of Canada Pension Plan Investment Board, courtesy of CPPIB


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