Canadian Postal allocates to bonds

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The C$7.2bn (US$4.7bn) Canada Post Corporation Pension Plan (CPCPP) is looking to hire fixed income managers to manage up to C$2.16bn (US$1.41bn), or 30% of the fund's total assets.

Doug Greaves, the pension fund's vice president and chief investment officer, said that it was likely that mandates would be tendered and managers hired within the next six months. Greaves declined...

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