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Third-Quarter Highlights:
10-year annualized net return of 10.8%
TORONTO, Feb. 11, 2021 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) ended its third quarter of fiscal 2021 on December 31, 2020, with net assets of $475.7 billion, compared to $456.7 billion at the end of the previous quarter.
The $19.0 billion increase in net assets for the quarter consisted of $23.0 billion in net income after all CPP Investments costs less $4.0 billion in net Canada Pension Plan (CPP) outflows. CPP Investments routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months of the year.
Canadian pension fund stays mum on labor union s concerns over MBK Partners
Posted : 2021-02-05 18:17
By Park Jae-hyuk
CPP Investments, a global investment management firm that invests the assets of the Canada Pension Plan, has remained silent about a letter sent to it by the Canadian Labour Congress (CLC) last Friday asking the pension fund manager to review its investment in MBK Partners in terms of its commitment to responsible investment and long-term value creation. Unfortunately, we will not have any comment to this, CPP Investments corporate communications director Connie Ling told The Korea Times via email, Thursday.
The CLC also said it has not yet received a reply from CPP Investments.