By Muskan Arora
The
Canadian Pension Investment Board reported a net gain of $17.23bn in its latest
quarter, which ended December 31, hiking the total fund’s AuM to $490.04bn.
This
reported gain is one of the system’s largest quarterly increases in net assets
on a dollar basis after C$1.5bn outflows in the same time period.
The pension
plan reported 3.6% returns for its fiscal year’s second quarter return which
ended September 30, 2024.
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Growth in
private equity and credit, despite gains being offset by losses in fixed income,
was a result of the increasing yields’ impact on U.S Treasury.
“Returns
were strong this quarter, delivering [C]$26 billion in net income to the Fund,”
said John Graham, president and CEO of CPP Investments, in a statement.
“Our
investment teams were very active with more than 40 transactions signed or
closed in the last three months of the calendar year,” added the CEO.
The fund
has returned 8.6% for the nine-month fiscal year-to-date and 10.2% annualized
over the past decade.
For the
nine-month fiscal year-to-date period, the Fund increased by $67.2 billion
consisting of $55.3 billion in net income, and $11.9 billion in net transfers
from the CPP. For the period, the Fund’s net return was 8.6%.
