The Canada Pension Plan Investment Board (CPP Investments) has announced that it ended the third quarter of the 2024 fiscal year with $590.8 billion of assets under management, up from $576.1 billion at the end of the second quarter.
The 10-year annualized net return for the fund is 9.3 percent, and it posted a 3.4 percent net return for the third quarter.
“Strong performance of global equity and fixed income markets during the final months of calendar 2023 contributed to the fund’s continued growth,” said John Graham, president and CEO. “We remain focused on applying our investment capabilities to prudently manage the fund to deliver long-term value for CPP contributors and beneficiaries.”
A press release from CPP investments credited gains in public equity, fixed income, credit, private equity, energy and infrastructure assets as contributing to the quarter results.
Third-quarter highlights in real assets included the completion of a follow-on