TORONTO — The CPP Investment Board says the funds it manages for the Canada Pension Plan delivered a 4.5 per cent return, after costs, in the final three months of 2015.
As of Dec. 31, which marks the end of CPPIB's 2015-16 fiscal third quarter, the CPP Fund had $282.6 billion of assets — up from $272.9 billion at Sept. 30.
CPP Investment board says it had $12.3 billion in net investment income over that three-month period, offset by $2.6 billion in cash outflows — following a seasonal pattern when payments often exceed contributions at the end of a calendar year.
CPP Investment Board Mark Wiseman said the Canadian dollar's depreciation against most currencies, and the fund's investments in other countries, resulted in significant gains from foreign exchange.
