Canada Pension Pounces on Drop in Oil Price to Snatch Up Assets

  • Country’s largest pension plan deploys C$4.1 billion in sector
  • Assets grew 7 percent during quarter to C$287.3 billion

Low oil prices have created an opportunity for long-term investors to snap up quality energy assets at a discount, according to Mark Machin, chief executive officer of Canada Pension Plan Investment Board.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.