Canada Pension to Grow Australia Investments for Higher Returns
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The Canada Pension Plan Investment Board, which manages about C$155 billion ($155 billion), plans to increase its longer-dated investments in Australia to boost returns, Chief Executive Officer David Denison said.
“We would like to grow CPPIB’s presence here,” Denison told the Canadian Australian Chamber of Commerce in Sydney today, according to an e-mailed copy of his speech. “Long duration infrastructure assets are highly attractive investments for us because we manage a portfolio that spans multiple generations.”