Canada's Largest Pension Fund Plans to Increase Hedge Fund Investments to $160 Billion

The Canada Pension Plan Investment Board (CPPIB) plans to increase its total hedge fund investments to approximately $160 billion over the next five to seven years, signaling that a key supporter of the industry remains optimistic. Currently, CPPIB invests about $80 billion in hedge funds, with total assets reaching CAD 866 billion (USD 608 billion). The fund expects its total assets to roughly double in the next seven years, with hedge funds helping it outperform its internal benchmark in the last fiscal year. In the 12 months ending in March this year, CPPIB's capital markets and factor investing department achieved a net gain of $3.4 billion, primarily due to external hedge fund investments.

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