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Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pensionfund earned an eight per cent return last year, but significantly underperformed the 19.9 Management fees decreased by $10 million, remaining broadly in line with the prior year.
And we looked more like an industrial conglomerate than — RITHOLTZ: That’s where I was going to go. Look, our parents all had pensionfunds. LAYTON: — sources of funds for our industry is going to change as a result of that. It’s been primarily pension, historically.
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