Pensions
CDPQ Reports Solid Year of Progress Despite Missing Return Target
Fund misses benchmark by 1.6%, but reports substantial progress in international markets, liquidity, and stewardship.
RBC and Northern Trust report plans lost 7.1%, the steepest drop since 2008.
Manitoba Premier Brian Pallister challenges the province’s pension plans to ‘shop together.’
Michael Sabia departs after a transformative 11-year run at the Canadian pension plan.
Enthusiasm over falling legal bars led to business overexpansion and overoptimistic investing. But prospects long-term are, yes, high.