CEO of Canada’s Biggest Pension Blasts ‘Winner-Take-All’ Market

Canada Pension Plan Investment Board is wary of the surge in the US stock market, which is too heavily concentrated in a handful of big technology firms, according to chief executive officer, John Graham.

“Right now, we’re not chasing the US equity markets,” Graham said Monday at the Canadian Club Toronto. “If we chase the US equity markets right now, we’d be exposing the fund to too much concentration risk.”