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.
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Public, private equity and inflation-linked assets bolster the Canadian pension plan.
Plan now stands at $278.9 billion.
Despite positive returns, nearly all asset classes fell short of their benchmarks.
Fills year-long vacancy left by Daniel Garant’s 2017 departure.
Although most plans are now fully funded, solvency gains can vanish quickly, firm says.
$15 billion fund has 7.6% of it portfolio invested in renewable energy and green real estate.
Representing $6 trillion in AUM, the group aims to further G7 initiatives.