Raymond Leaves Canada Pension for Alignvest

Donald Raymond, chief investment strategist at Canada Pension Plan Investment Board, is leaving the pension fund to join Alignvest Management Corp., a new Toronto-based money manager.

Raymond joins Alignvest on April 1 as chief investment officer and as a managing partner, the two money managers said in press statements today.

Raymond joined Canada Pension in 2001 and was appointed to his current role in 2010. He oversaw the fund’s public markets investment portfolio, expanding it to about C$100 billion ($92.5 billion), including actively managed funds, from C$11 billion in passive investments, according to Alignvest’s statement. Raymond was a portfolio manager at Goldman Sachs Group Inc. in New York before joining the pension plan.

Canada Pension, based in Toronto, is the country’s largest pension fund, managing C$193 billion for 18 million people.

Alignvest is an alternative asset manager with clients including large pension plans. The firm was created last year with C$275 million in partners’ capital, according to the company’s website. The managing partners include Reza Satchu and Timothy Hodgson, the former chief executive officer for Goldman Sachs in Canada.

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