CPP Investments, Canada s
biggest pension fund, has laid off at least five investment
professionals at its Hong Kong office as it steps back from
deals in China, three people with knowledge of the.
CPP Investments, Canada's biggest pension fund, has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, three people with knowledge of the matter said. They added that a managing director who was in charge of the firm's Greater China real estate portfolio had been told he was losing his position weeks earlier. The fund has paused new investments in China, including direct investments as well as those in China-focused fund managers, discouraged by the country's faltering economic recovery and tensions with the West, said the people.
By Julie Zhu and Kane Wu HONG KONG (Reuters) - CPP Investments, Canada's biggest pension fund, has laid off at least five investment professionals at .