CPP Fund Hits $183B, Posts 10.1% Investment Return

Net assets of the Canada Pension Plan Fund (CPP) totaled $183.3 billion at the end of its fiscal year in March 2013, increasing $21.7 billion year over year, reports CPP Investment Board (CPPIB). The fund's investment portfolio also delivered a gross return of 10.1%, up from fiscal 2012's 6.6%. CPPIB president and CEO Mark Wiseman expressed the "strong conviction" that "our private market assets will outperform the public markets equivalents of the CPP Reference Portfolio over the long term."

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