Report finds active strategy has come out ahead
The shares represent approximately a 7.1% stake
Increases will be phased in over seven years
The recent results give the CPP Fund a real rate of return of 10.4% over five years and 6.4% over 10 years
The main driver of growth was last year’s stock markets surge
Ottawa is worried about the fallout when big companies with large unfunded pension liabilities go under
CEO says stock market correction may provide better investment prices
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
CPPIB and PSP Investment Board will each own a 50% stake in the properties