The Canada Pension Plan Investment Board (CPPIB), the country’s second-biggest public pension manager, reported a return of 11.9% in the latest fiscal year, The Wall Street Journal reports. The CPPIB’s gain was led by a rise in its holdings of Canadian public equities and equity of private companies in developed markets outside of Canada.
CPPIB increased its assets by $21.2-153.2 billion in fiscal 2011 and the fund’s total return outperformed its benchmark by 2.1% or $2.8 billion. CPPIB’s Canadian public equities were up 20.3%, followed by a 19.4% increase in its holdings of private equities in developed markets, a large portion of which are in the U.S.
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