The Public Sector Pension Investment Board (PSP) invested more than $10 billion in Canadian assets over the 12 months ending March 31. The pension fund manager’s overall returns fell short of its one-year benchmark target of 13.1 per cent. (The Logic) 

Talking point: The pension fund—which manages about $320 billion in assets on behalf of the federal public service, Canadian Armed Forces and the RCMP—dealt with weak real estate, private equity and credit markets dragging on performance last year. Its increase in Canadian holdings—which have surpassed $75 billion in total—served as a hedge against inflation, with infrastructure assets and domestic stocks seen as positioned to benefit from rising prices and higher revenues. It also comes as the federal government tries to entice Canada’s big pension funds to invest more at home, potentially by selling public assets such as airports to private investors.