CPP Investments fund built to weather market challenges: CEO
BNN Bloomberg
Canada's largest pension fund manager says active management will win the day against today's challenges of slowing economic growth, elevated inflation and weakened equity markets, its CEO said Thursday.
Simply exposing capital to markets has been a "winning strategy" over the past decade amid increasing valuations.
But rising geopolitical tensions, supply chain disruptions, lockdowns and weakened public markets now make it an increasingly challenging environment for investors to navigate.
"This grim picture might seem overwhelming, but in many ways CPP Investments, was built for times like this," John Graham said in a luncheon speech to the Canadian Club of Toronto.
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