Canada Pension Plan Investment Board executives have taken to prefacing any comments they make to pretty much anybody with "You'll be fine. The CPP is fine."
And judging by the results the big money manager turned in, they're right. Overall investment returns were negative 6.7 per cent in the final three months of 2008, a time when equity markets around the world plunged by three or four times that amount. On top of that, CPPIB has built in demographic protection, saying it has 11 years before any of its current assets will be needed to pay benefits.Report Typo/Error