CPPIB boss says current returns not sustainable: Reuters
Canada Pension Plan Investment Board this week reported an 11.6 percent return on investments in its latest fiscal year but warned double-digit growth was not sustainable with competition for assets intensifying, Reuters reported. CPPIB ended the year with net assets of $356.1 billion, compared with $316.7 billion a year ago, the second largest annual growth since the fund’s creation in 1997. However, its President and CEO Mark Machin warned that returns will slow, with competition for assets being the biggest challenge facing CPPIB.
17 May 2018•2 mins read
