Analysis shows a passive strategy could have cost CPPIB nearly C$50 billion since 2006-2007.
US, Canadian equities were top-performing asset classes.
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.