EUROPE/CANADA - The Canada Pension Plan Investment Board (CPPIB) is increasing its focus on investment opportunities in Europe and the UK with the opening of an office in London.
David Denison, president and chief executive officer, CPIBB, said having investment professionals in London would enable it to strengthen relationships with existing partners and identify new investment opportunities, as well as better monitor existing investments.
He said: "This new office reflects our strategy to diversify the portfolio globally, underscoring our continuing belief that there are compelling investment opportunities in the UK and Europe that align with our long term investment horizon."
The CPP Investment Board has C$12.1bn invested in public companies in the UK and Europe, along with C$15bn committed to private equity, infrastructure and real estate investments, of which C$8.4bn is currently invested.
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