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CPP Investment Board’s assets top $500B despite market turmoil

Though the Canada Pension Plan Investment Board (CPP Investments) ended its latest quarter in the red as rising inflation, interest-rate hikes and the war in Ukraine took a toll on markets, it still managed to wrap its fiscal year with a 6.8 per cent net return, just beating its reference portfolio forecast. The country’s largest pension fund manager—it invests pension contributions on behalf of some 20 million Canadians—manages assets now totaling $539 billion, down from more than $550 billion last quarter but still over eight per cent more than at the end of its last fiscal year.

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