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CPPIB costing more, but will it deliver more? Add to ...

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Investment funds usually grow more efficient as they get bigger. The Canada Pension Plan Investment Board, though, is showing a disturbing tendency to head in the opposite direction.

Five years ago, the investment arm of the Canada Pension Plan had total costs of $665-million, according to a new report from the Fraser Institute. In the CPPIB’s most recent fiscal year, overhead had ballooned to $1.4-billion.

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