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Canada s largest pension fund bought SolarWinds stake days before hacking was disclosed and stock plunged

Publishing date: Dec 31, 2020  •  December 31, 2020  •  6 minute read  •  The SolarWinds logo is seen outside its headquarters in Austin, Texas. The largest shareholders in SolarWinds agreed to sell CPPIB a 5 per cent stake for US$315 million on Dec. 7, just days before tech company s public disclosure of the hack crushed its stock price more than 20 per cent. Photo by Reuters/Sergio Flores/File Photo Article content For decades, Canada built a reputation as a savvy investor of its public pension plans, deploying billions of dollars to acquire lucrative stakes in tech start-ups, media giants and retailers. This month, the country’s largest pension fund lost US$100 million on a single deal after the ink had barely dried.

Canada Pension Plan Investment Board s purchase of SolarWinds stock likely to fall under scrutiny

Canada Pension Plan Investment Board s purchase of SolarWinds stock likely to fall under scrutiny
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