Canada Pension Plan Investment Board sees 3% gain in quarter

Canada Pension Plan Investment Board, Toronto, said its investments returned 3% for the quarter ended Dec. 31, the third quarter of the pension plan's fiscal year, according to a news release from the CPPIB.

Assets increased C$2.5 billion (US$2.5 billion) to C$172.6 billion from the previous quarter, and have increased C$11 billion over the past nine months. The nine-month increase consisted of C$9 billion in investment returns before expenses and C$2.4 billion in net contributions.

Total assets increased C$19.8 billion during the calendar year.

As of Dec. 31, CPPIB had an asset allocation of 33.5% fixed income, 32.3% public equity, 17.1% private equity, 11.1% real assets and 6% infrastructure.

CPPIB returned an annualized 3.1% for the five years ended Dec. 31 and an annualized 6.7% for 10 years.

— Contact Kevin Olsen at kolsen@pionline.com | @Olsen_PI