Long-term investment in infrastructure has helped position Canada, via its pension fund system, as a force to be reckoned with in global finance, according to a Canada Pension Plan Investment Board (CPPIB) official.
Outgoing board chief executive David Denison cited his CPPIB, manager to C$160 billion ($160 billion; €125 billion), as well as Caisse de depot et placement du Quebec (Caisse), the Ontario Municipal Employees Retirement System (OMERS) and the Ontario Teachers Pension Plan (OTPP), as committed to investing in infrastructure, noting each retirement fund is a multibillion dollar system.
‘Infrastructure made Canada viable’
Canada Pension Plan Investment Board head David Denison credited the asset class for growing the pension fund system in Canada. He also advised consolidation amongst the UK pension system.
