Canada's largest pension plan is planning to roughly double the size of its hedge fund investments over the next five to seven years, a bullish sign from one of the industry's most important supporters. According to people familiar with the matter, the Canada Pension Plan Investment Board plans to increase its total hedge fund allocation to about 160 billion US dollars within the next few years. The fund particularly wants to increase its exposure to hedge fund giants that it has not yet partnered with, including Israel England's Millennium Management Company. This $866 billion pension currently invests about $80 billion in the hedge fund sector. The background to this expansion plan is that CPPIB expects its total assets to roughly double over the next seven years; furthermore, hedge funds helped it outperform internal benchmarks in the previous fiscal year. According to CPPIB's annual report, external hedge fund investments were the main contributor to the $3.4 billion net revenue generated by its capital market and factor investment sector in the 12 months ending March of this year.

Canada's largest pension plan is planning to roughly double the size of its hedge fund investments over the next five to seven years, a bullish sign from one of the industry's most important supporters. According to people familiar with the matter, the Canada Pension Plan Investment Board plans to increase its total hedge fund allocation to about 160 billion US dollars within the next few years. The fund particularly wants to increase its exposure to hedge fund giants that it has not yet partnered with, including Israel England's Millennium Management Company. This $866 billion pension currently invests about $80 billion in the hedge fund sector. The background to this expansion plan is that CPPIB expects its total assets to roughly double over the next seven years; furthermore, hedge funds helped it outperform internal benchmarks in the previous fiscal year. According to CPPIB's annual report, external hedge fund investments were the main contributor to the $3.4 billion net revenue generated by its capital market and factor investment sector in the 12 months ending March of this year.