PSP sees 9.8 pct return in fiscal 2018, grows assets to $153 bln
Public Sector Pension Investment Board (PSP Investments) earned a total portfolio net return of 9.8 percent in its fiscal 2018 as well as a five-year annualized net return of 10.5 percent. Both returns are above their benchmarks. This performance helped increase the Montréal-based pension fund's total net assets to $153 billion, up 12.9 percent from the prior year's $135.6 billion. PSP's private equity investments generated a one-year net return of 12.9 percent in fiscal 2018, while infrastructure investments accounted for a net return of 19.3 percent. Neil Cunningham was appointed PSP's new president and CEO in February, replacing André Bourbonnais.
12 June 2018•6 mins read
