Canada’s Largest Pension Fund to Seed More Hedge Fund Start Ups
- Funding program aims to diversify investment strategies
- Hedge fund startups face tough capital raising environment
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Canada’s largest pension fund will seed more start up hedge funds this year as it broadens a program that aims to diversify its investments.
The Canada Pension Plan Investment Board, or CPPIB, will spread funding among more firms as part of its emerging manager program by reducing the starting amount they invest with each fund, according to people familiar with the matter. Each will receive amounts starting from $50 million, down from $100 million, said the people, who asked not to be identified because the details are private.