The 1.8% rate of return after costs put the pension fund’s long-term rates of return well above the minimums required to be sustainable for decades
The pension fund would prefer to invest in late-stage infrastructure projects or completed projects
The transaction values Hong Kong-based Nord Anglia Education at US$4.3 billion
The pension fund manager is making the investment through its joint venture with a Singapore-based fund manager and a Chicago-based property company
Ashleigh Everett, John Montalbano appointed for three-year terms
“Modest” return reflects the largest quarterly decline in North American fixed-income markets since the fund manager was created
The two Canadian pension plans would own a combined 49% of partnership with Ideal
A separate deal with Encana is on track to close later this month
By comparison, its 2015 rate of return was 18.3% and the 2014 rate of return was 16.1%
Mark Wiseman is leaving the top job at the CPPIB to join BlackRock; Machin is set to take over effective June 13