CPPIB: CANADA'S PE HEAVYWEIGHT

摘要

As much as anxieties arise in the U.S. over whether there is sufficient government funding of Social Security programs, similar concerns are less apparent in Canada. One reason is the track record of the Canada Pension Plan Investment Board (CPPIB), which not only had C$328 billion in assets as of Sept. 30, 2017, but also projects sustainability of funding pension benefits for the next 75 years. The CPPIB's sole focus is investing the assets of the Canada Pension Plan (CPP), and its mandate is straightforward: "To invest the fund assets to maximize returns without undue risk of loss." It operates at arm's length from federal and provincial governments. It was established in 1997, four years after benefits paid out by the CPP started exceeding contributions and investment income.