CPPIB Loses 0.8% in Q1 Fiscal 2024
Despite the investment loss, net transfers helped raise the Canadian pension giant’s asset value to C$575 billion.
Despite the investment loss, net transfers helped raise the Canadian pension giant’s asset value to C$575 billion.
The $72 billion pension fund aims to reduce risk by cutting back its allocations to private markets and absolute return.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
Research awards were also granted to papers covering climate risk and sustainable investing.
Carl Astorri will lead the A$300 billion pension fund’s UK investment team.
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
The alts manager will invest in a new portfolio of real estate assets in Canada.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
Bruce Crane has managed the Canadian pension fund’s infrastructure and natural resources investments in the region since 2020.
Pension giant is seeking a better way to implement its China equity exposure.