CPP investment board loses C$852m

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The Canada Pension Plan Investment Board (CPP) lost C$852m (US$549m) in the last financial year, according to the Board's unaudited results up to March 31, 2001.

Last year, the CPP Investment Board earned a 40.1% return and had C$2.4bn in assets under management. This year, the board had a negative 9.4% return and had C$7.2bn in assets. Despite the earnings...

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