Canada Pension Plan Investment Board Assets Slip in Q2

Canada Pension Plan Investment Board, one of the world’s top private equity players, said on Thursday the value of its assets under management slipped in its fiscal second quarter, but were up on a year-over-year basis, Reuters reported.

(Reuters) – Canada Pension Plan Investment Board, one of the world’s top private equity players, said on Thursday the value of its assets under management slipped in its fiscal second quarter, but were up on a year-over-year basis.

CPPIB, which invests on behalf of 17 million Canadian contributors and beneficiaries, said assets under management in the quarter ended Sept. 30 were C$152.3 billion ($149.3 billion), or C$1.2 billion lower than at the end of the first quarter.

Compared with the year-before quarter, CPPIB assets were up nearly 10 percent from C$138.6 billion.