Canadian pension funds lag behind their U.S. counterparts in venture...

Canadian pension funds lag behind their U.S. counterparts in venture capital investing, according to a study by Macdonald & Associates. Only 3% of the C$4.9 billion (US$3.1 billion) in new venture capital raised in 2001 came from pension funds — that’s down from 11% in 2000 and 5.3% in 1999 — compared with 40% in the United States, according to the study.