Canada Pension Plan Investment Board (CPP Investments) recorded C$420.4 billion ($455 billion) in net assets in the third quarter ending Dec. 31, 2019, a C$10.9 billion ($11.8 billion) increase from the previous quarter.
The fund, which includes the combination of the base CPP and additional CPP accounts, achieved both 10-year and five-year annualized net nominal returns of 10.4 percent. For the quarter, the fund returned 3.6 percent net of all CPP Investments costs.
“All of our investment departments contributed to a very solid quarter, advancing the fund,” said Mark Machin, president and CEO of CPP Investments in a statement. “Financial results and operational performance across CPP Investments’ global active programs remain strong, although the relative value of the Canadian dollar, against several foreign currencies, affected overall results.”
As of December 2019, CPP Investments had an 8.3 percent allocation to infrastructure. The portfolio was va
