PSP grows assets to $136 bln in fiscal 2017, posts 12.8 pct return

The Public Sector Pension Investment Board (PSP Investments) reported its net assets under management hit $135.6 billion at the end of fiscal year 2017, up 16.1 percent from $116.8 billion the year before. The Canadian pension fund's one-year portfolio net return was 12.8 percent, outperforming the policy portfolio benchmark. PSP's private equity assets totaled $15.9 billion as of March 31, 2017, and showed a one-year return of -3.4 percent. In the same period, infrastructure assets totaled $11.1 billion and showed a 14.4 percent return. PSP has been led by President and CEO André Bourbonnais since 2015.

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