TORONTO Aug 14 The Canada Pension Plan
Investment Board, one of the world's biggest pension funds, on
Thursday reported gross investment returns of 1.6 percent in its
fiscal first quarter as global stock markets continued to gain.
CPPIB, which manages Canada's national pension fund and is a
major global dealmaker, said it ended the quarter with net
assets of C$226.8 billion ($208.1 billion), compared with
C$219.1 billion at the end of fiscal 2014 in March.
The increase in assets also reflects asset flows into the
The fund manager also said it has allocated an additional
$500 million to the Goodman North American Partnership, a joint
venture between CPPIB and Goodman Group that is building a
portfolio of institutional-quality logistics and warehouse
facilities in major U.S. markets.
The investment takes CPPIB's allocation to $900 million, or
a 45 percent interest, in the joint venture.
(1 US dollar = 1.0899 Canadian dollar)
(Reporting by Andrea Hopkins)