Passive, I posted on this thread some time ago,about the Canadian pension funds longeviety in stocks they own.
I think their at the bottom of this SP capping.
Now Les has said repeatedly we need to redomicile to Canada,so if we need to we can raise some cash.
Well why are the Canuks saying otherwise?
"What we try to do is exploit the areas where we have comparative advantages, and that tends to be in larger transactions, in transactions where the value creation will play out over a long period of time, and in transactions that are occasionally complex in nature," he said.
He said the fund, which invests on behalf of 18 million Canadian contributors and beneficiaries, was still trying to diversify geographically out of Canada. He said it is focusing on emerging markets where the pace of growth was higher than the rest of the world.
In recent months, CPPIB has announced acquisitions across a broad swath of asset classes, including deals in motor sports, Australian shopping malls, British heating and air conditioning and Chinese logistics, adding to its massive portfolio of investments in real estate, infrastructure, private equity and global stocks and bonds.
http://ca.news.yahoo.com/canada-pension-plan-looks-big-global-deals-000000142--sector.html
Raider
Passive, I posted on this thread some time ago,about the...
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