{"id":11060,"date":"2015-08-15T07:51:37","date_gmt":"2015-08-15T12:51:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11060"},"modified":"2015-08-15T07:51:37","modified_gmt":"2015-08-15T12:51:37","slug":"canada-pension-plan-swings-to-a-loss-after-record-breaking-profits-last-year","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11060","title":{"rendered":"Canada Pension Plan Swings To A Loss After Record-Breaking Profits Last Year"},"content":{"rendered":"

Canada Pension Plan Swings To A Loss After Record-Breaking Profits Last Year<\/a><\/h3>\n

TORONTO \u2014 The CPP Fund had a small investment loss\u00a0in its most recent quarter but\u00a0the\u00a0retirement fund’s\u00a0assets increased by $4 billion overall because of contributions from the Canada Pension Plan.<\/p>\n

The Canada Pension Plan Investment Board says the CPP Fund had $268.6 billion of net assets as of June 30, up from $264.6 billion a year earlier.<\/p>\n

It\u00a0received\u00a0$4.2 billion in contributions from employees and employers covered by the Canada Pension Plan but that was offset by $200 million in net investment losses after costs.<\/p>\n

It says the portfolio’s gross investment return was flat for the quarter\u00a0and negative 0.1 per cent\u00a0on a net basis.<\/p>\n

That contrasted with the fund’s return for the 2014-15 financial year, which was a record 18.3 per cent.<\/p>\n

The three months from April to June was a busy quarter for CPPIB which did more than 25 investments, including several that were worth more than a billion of dollars.<\/p>\n

“We continue to assess and seize opportunities that fit our disciplined approach to produce long-term risk-adjusted returns,\u201d CPPIB chief executive Mark Wiseman said in a statement\u00a0when CPPIB released\u00a0its 2016 first-quarter financial results.<\/p>\n

Among the biggest deals during the quarter\u00a0was the acquisition of the Antares Capital lending operation from the financial arm of General Electric, for $12-billion.<\/p>\n

Antares Capital’s management and about 300 employees will operate the business as a stand-alone, independent lender to private-equity sponsors, subject to regulatory approval.<\/p>\n

CPPIB announced in May that it would invest more than $1 billion in a German real estate joint venture. That included $542 million for a 46.1 per cent interest in shopping centre operator mfi AG, and an additional $503 million to support mfi’s needs.<\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n

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Canada Pension Plan Swings To A Loss After Record-Breaking Profits Last Year TORONTO \u2014 The CPP Fund had a small investment loss\u00a0in its most recent quarter but\u00a0the\u00a0retirement fund’s\u00a0assets increased by $4 billion overall because of contributions from the Canada Pension Plan. The Canada Pension Plan Investment Board says the CPP Fund had $268.6 billion of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,8108,6014,7265,8109],"class_list":["post-11060","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-canada-pension-plan","tag-cpp","tag-huffington-post","tag-investment-returns"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11060"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11060\/revisions"}],"predecessor-version":[{"id":11061,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11060\/revisions\/11061"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}