Canada Pension Plan Investment Board, Toronto, said the plan had C$105.5 billion (US$94.1 billion) as of March 31, down 14% from a year earlier.
The plan’s investments returned -18.62% for the year ended March 31; while contributions totaled C$6.6 billion.
David Denison, president and CEO of the CPP Investment Board, said in a news release that the decline reflects “unprecedented turmoil in the markets.”
“While each individual fiscal year’s results are important, the CPPIB’s investment strategy is designed to perform over significantly longer time frames,” Mr. Denison said in the news release.
