Keep pulling the thread on John Graham.
Unlike private equity general partners or hedge funds, CPP Investments does not offer carried interest or performance-based 'promote' in its compensation structure.
Over the past few years, CPP Investments has reduced its allocation to emerging markets to approximately 15% of its portfolio.
CPP Investments' climate investing strategy is focused on value and returns, not on values, and the fund does not make concessionary investments or allocate to impact funds.
The mandate of CPP Investments, as defined by Canada's CPP-IB Act, is to maximize return without undue risk of loss for its 22 million beneficiaries.
CPP Investments believes the world is undergoing an "energy addition" rather than an energy transition, justifying its continued investment in oil and gas assets, including a recent LNG transaction.
CPP Investments has deliberately chosen to have less exposure to AI-related stocks than the broader public markets to avoid concentration risk, even though this decision may negatively impact relative performance.
CPP Investments is concerned about a potential breakdown in the historical negative correlation between equities and fixed income, which is a foundational assumption for many institutional portfolios.
CPP Investments has reduced its portfolio allocation to China from approximately 12% down to 7%.
CPP Investments acquired the Antares Capital lending platform from General Electric approximately 10 years ago.
CPP Investments' real assets team combines personnel from its infrastructure, energy, and real estate groups to jointly invest in data centers.
CPP Investments' portfolio is valued at over $700 billion.
CPP Investments maintains offices in Sao Paulo, Hong Kong, and Mumbai to support its emerging markets strategy.