Canadian public pension plans took a different road than their global counterparts beginning in the late 1990s. Their strategy, now known as the Canadian model, focuses on internal management, direct private investment and broad infrastructure allocations. Separating operations from politics has been a boon for management, allowing the plans to operate unrestricted and deploy capital where they see opportunity.
*Canada’s three largest plans were used as a proxy for the Canadian model. **No data for 10-year returns. Sources: CPP Investment Board; Ontario Teachers’ Pension Plan; Caisse de Dépôt et Placement du Québec; CalPERS; CalSTRS
Compiled and designed by Charles McGrath and Gregg A. Runburg