CPPIB said the first-quarter loss was driven primarily by losses in public equity strategies, due to the broad decline in global equity markets, while investments in private equity, credit and real estate “contributed modestly to the losses.”
The pension management organization said positive results in the first quarter came from gains by external portfolio managers, quantitative trading strategies and investments in energy and infrastructure. “However, our active management strategy – diversified across asset classes and geographies – moderated the impact on the Fund, preserving investment value.”
In his statement, Graham said the portfolio is set up to withstand a double-digit percentage loss once every 20 years, and noted that CPPIB beat returns for leading global indices in the first quarter. The global indices declined, on average, well into double-digit territory, he said.
BatPost so suddenly investing in real estate aint so great any more?
CPPIB cited a 52 per cent increase in market volatility from a year ago, and said factors including Russia’s invasion of Ukraine, inflation, supply chain interruptions and “pandemic spark” volatility resulted in significant declines in global equities and bond prices.
BatPost Who is running the program? Did they buy crypto? Why so much losses. Who screwed up?
BatPost What about money you steal from retired unemployment insurance paid never returned.
BatPost And yet managers keep their jobs. Oh the Liberal patronage.
BatPost CPP is a Ponzi scheme
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