At $127.7 billion in assets, is the CPP Investment Board now the largest single-purpose pension fund in Canada?
Yes. In fact, the CPP Investment Board is one of the largest and fastest growing single-purpose pool of funds anywhere in the world. • How does the CPP Investment Board measure its performance against a benchmark? We do not make direct comparisons with other pension funds. Our most relevant yardstick is our benchmark – the CPP Reference Portfolio. We outperformed our demanding benchmark by adding 241 basis points or approximately $2.9 billion in added value above the benchmark return of negative 3.7 per cent for fiscal 2008 (April 1, 2007 – March 31, 2008). We prefer to focus on our four-year results because our mandate is for long-term performance. Over the past four fiscal years, our annualized return has been 9.0 per cent. • Why does the CPP Investment Board use a Total Portfolio Approach instead of specific asset allocations? We focus on the efficiency of the total portfolio, not the performance of isolated asset classes or individual investment departments. We do not target specif
