Despite strong gains, funds underperformed the benchmark portfolio.
Pension fund reduced the carbon intensity of its portfolio by 10% in 2018.
Fund’s performance last year was driven by active management decisions.
Funded level of Segal Group model falls to 95% from 102%.
Robust international portfolio delivered $9 billion in 2018.
CEO Machin expects the next few years to be ‘much more challenging’ for investments.
Pension board CEO says it will stay cool-headed amid Beijing’s threats over Canadian arrest of tech heiress.
Funded ratio still rises as declining liabilities offset losses.
Pension says companies with diverse boards perform better financially.
America’s neighbor to the north has been sidelined on NAFTA talks, amid Trump-Trudeau acrimony.