The Canada Pension Plan Investment Board, one of the world’s biggest pension funds, reported gross investment returns of 4.6 percent in the third quarter, driven by a strong performance from its global equities portfolio.
CPPIB, which manages Canada’s national pension fund and is a major global deal-maker, said it ended the period on December 31 with total net assets of $282.6 billion, compared with $272.9 billion at the end of the previous quarter.
“Income generated across our investment programs and the advance of global equities contributed to the Fund’s growth during the quarter, while fixed income results were mixed,” said Chief Executive Mark Wiseman.
(Reporting by Matt Scuffham; Editing by Chizu Nomiyama)
(This story has been edited by Kirk Falconer, editor of PE Hub Canada)
Photo courtesy of Reuters