Canada Pension Plan, Ottawa, is expected to shift the majority of its...

Canada Pension Plan, Ottawa, is expected to shift the majority of its assets invested in non-negotiable Canadian government bonds and cash to equities by 2006. The C$66.3 billion (US$49.2 billion) fund plans to hire additional external money managers because of the moves. Plan officials expect to have 58% of assets in equity, 35% in bonds and cash, 4% in private equity and venture capital, and 3% in real estate and infrastructure, said John Cappelletti, manager, communications and stakeholder relations for the CPP Investment Board, Toronto, which runs the fund's equity investments. Currently, the board has 53% of assets in bonds and cash, 43% in stocks, 3% in private equity and venture capital, and 1% in real estate.