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Posted AT 12:01 PM EDT on 22/05/08

CPP hit by volatile markets

LORI MCLEOD

Globe and Mail Update

After a roller coaster ride on the volatile equity markets, the Canada Pension Plan Investment Board posted a negative investment return of 0.29 per cent for the fiscal year ended March 31, 2008. The fund increased its assets under management to $122.7-billion, up from $116.6-billion a year earlier, according to year-end results released Thursday. A downturn in its public equity investments shaved $303-million from that total.

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