CPP Fund gain on loonies drop delivers 45 return on investments in

TORONTO — The CPP Investment Board says the funds it manages for the Canada Pension Plan delivered a 4.5 per cent return, after costs, in the final three months of 2015.As of Dec. 31, which marks the end of CPPIB’s 2015-16 fiscal third quarter, the CPP Fund had $282.6 billion of assets — up from $272.9 billion at Sept. 30.CPP Investment board says it had $12.3 billion in net investment income over that three-month period, offset by $2.6 billion in cash outflows — following a seasonal pattern when payments often exceed contributions at the end of a calendar year.CPP Investment Board Mark Wiseman said the Canadian dollar’s depreciation against most currencies, and the fund’s investments in other countries, resulted in significant gains from foreign exchange.Canadian pensions facing down fierce competition to pursue global growth strategyCanadian pension funds pull back on infrastructure deals as prices climb beyond reason read more